Sentences with phrase «digital currency intermediaries»
Japan is the only major advanced economy with a licensing regime for digital currency intermediaries such as exchanges and payment providers.
http://www.courant.com/ Not exact matches
A digital currency not backed by any national bank as of yet, bitcoin attempts to remove all intermediaries in transactions.
Services like iPayYou and other intermediary platforms connect your digital currency to real - world accounts, and if these accounts are compromised in any way — hacked via phishing, a stolen or lost a device, etc. — then your digital currency is exposed and vulnerable.
As digital currencies emerge, therefore, the preference for decentralised payment systems would ostensibly render the use of a banking intermediary redundant, which raises pertinent questions regarding the role — or lack thereof — of central banks.
The significance of Bitcoin is that its software design solved what is known as the «double spend problem» of digital currency, without involving intermediaries such as banks.
Until the advent of blockchain technology, the only solution to the double spend problem with digital currency was a very complex system of intermediaries, including financial institutions, payment networks, and regulatory authorities.
No intermediary is needed for the transaction, though businesses are offering to host the «digital wallets» that may contain Bitcoins and the like, and to facilitate the conversions between digital and government - sponsored currencies.
Blockchain is the digital, distributed, and decentralized ledger that underpins digital currencies and is responsible for recording all transactions without the need for a financial intermediary, which is often a bank.
The digital currencies have provided an excellent decentralized modus operandi wherein the control now has been shifted into the hands of users with banks no longer required as financial intermediaries.
Lawsky first clarified which players in the digital currency community and industry would be required to obtain the BitLicense, specifying that the NYDFS intends to regulate only financial intermediaries.
Since many banks and payment services do not support bitcoin directly, you must exchange your money through an intermediary like a bitcoin exchange to get your hands on the digital currency.
The digital currency is devoid of any intermediaries such as banks.
Bitcoin, which is the first international decentralized digital currency, works without a single administrator and central repository, while transactions between people are made directly without an intermediary.
DNotes is a blockchain - powered digital currency and peer - to - peer payment system that empowers users to send money to one another — quickly, efficiently, and without the expense of going through an intermediary middleman.
Bank / Bank Frick / BCH / Bitcoin / bitcoin cash / BTC / CHK / Cold Storage / Cryptocurrency / Digital Assets / Digital Currency / ETH / euros / financial institution / financial intermediaries / Liechtenstein / ltc / Market Makers / N - Featured / News / Swiss francs / USD / XRP
Bitcoin is a decentralized digital currency that allows payments to be made over the Internet without an intermediary.