Sentences with phrase «electronic currency bitcoin»

As its central bank states, «it is prohibited to engage in foreign exchange trading with the electronic currency bitcoin, according to the Icelandic Foreign Exchange Act.»

Introduced in 2009, the electronic currency Bitcoin is exchanged through its own payment network.

Not exact matches

This includes the power to accept all forms of electronic payments from credit cards, eCash, electronic checks, Bitcoins, and any foreign currency.

Bitcoin is an electronic currency, so merchants who receive it cash it in at its face value to pay salaries, bills or just take it home as profit.

With some engineering, it might (someday) turn Bitcoin into a completely untraceable, anonymous electronic currency.

Bitcoin is actually more than just currency, but it's first application was a system of electronic cash that is decentralized (not owned by anyone or any one government or organization).

Bitcoin is an electronic form of currency or simply put, it can best be described as a «digital dollar».

The confidence in Bitcoin may break as a result of unexpected changes such as: unfavorable legal regulations, banning electronic legal tenders, introducing the prohibition on trading in virtual currency in specific areas, imposing high taxes, creating competitive alternative currencies, deflation, and other factors which may significantly affect the shaping of the exchange rate of Bitcoin against other currencies.

To the surprise of nobody, billionaire investor Warren Buffett isn't interested in bitcoin, the electronic currency that has zoomed higher in value over the past few weeks.

Also, if this is the case, that Bitcoin should be treated as electronic currency, then the cap for transaction of $ 2,500 holds to it too.

As used herein, «Digital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store oCurrency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store ocurrency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of value.

Beside standard Swift (which may be registered and checked for money laundering) there are the money transfer companies (Western Union) and the electronic currencies like bitcoin.

Bitcoin solves the «double spending problem» of electronic currencies (in which digital assets can easily be copied and re-used) through an ingenious combination of cryptography and economic incentives.

Another question found that many users now view bitcoin as less of a «digital currency» (like its creator Satoshi Nakamoto seemingly described in the «Bitcoin: A Peer - to - Peer Electronic Cash System» white paper), and more of a «digital gold» (seemingly used more for value storage and invesbitcoin as less of a «digital currency» (like its creator Satoshi Nakamoto seemingly described in the «Bitcoin: A Peer - to - Peer Electronic Cash System» white paper), and more of a «digital gold» (seemingly used more for value storage and invesBitcoin: A Peer - to - Peer Electronic Cash System» white paper), and more of a «digital gold» (seemingly used more for value storage and investment).

According to the FSA, doing business with bitcoin and other cryptocurrencies does not qualify as issuance of electronic money, currency exchanges, brokerages or deposit services.

Although the Segwit - chain inherited the name «Bitcoin,» the Bitcoin Cash chain much more closely resembles the version of Bitcoin which sparked the entire digital currency boom by being an exemplary electronic payment system.

• the advantages of Bitcoin over traditional fiat currency and payment methods • why the newer Bitcoin Cash presents the better path to being «peer - to - peer electronic cash» • what steps need to be taken to achieve global adoption

The long - awaited bill, which goes into effect on April 1, still does not recognize bitcoin as a currency, but it has accepted that bitcoin and other cryptocurrencies have «asset - like values» that can be used «as payment to indefinite parties for the cost of purchase or rent of items or receipt of services and which can be transferred by means of electronic data processing systems,» explained Bitflyer exchange.

Commentary on the future prices are bullish, as another factor that could potentially help bitcoin going forward is people finding new and innovative ways to utilize the blockchain, the electronic ledger that holds all the digital currency's transactions.

Originally the formal name of the tracking database underlying the digital currency bitcoin, the term is now used broadly to refer to any distributed electronic ledger that uses software algorithms to record transactions with reliability and anonymity.

This technology is also sometimes referred to as distributed ledgers (its more generic name), cryptocurrencies (the electronic currencies that first engendered it), bitcoin (the most prominent of those cryptocurrencies), and decentralized verification (the key differentiating attribute of this type of system).

Although people refer to bitcoin as a decentralised digital currency, I prefer to think of it as an electronic asset, to sidestep questions around which government backs it and who sets the interest rate, which are often a mental block in understanding bitcoin.

Bitcoin is a type of electronic currency, and it exists solely in that form.

Perhaps propitiously, the pseudonymous Satoshi Nakamoto — who may or may not be an Australian entrepreneur named Craig Wright — outlined a new protocol for a peer - to - peer electronic cash system using a cryptocurrency, or digital currency, called Bitcoin.

The Electronic Transactions Association, which represents companies like Visa and MasterCard, has already welcomed one bitcoin company into its fold, and companies might be more inclined to support the virtual currency in the future.

The law gives the government permission to make payments in «electronic money», but decentralized digital currencies like bitcoin will now be prohibited.

While there are many joke currencies and memes out there surrounding cryptocurrency, Bitcoin and the idea to create a peer - to - peer electronic payment system was for a very real purpose, to revolutionize the way the world uses currency.

Eheterum is the second most valuable cryptourrency in terms of market capitalization after Bitcoin, that functions largely like traditional currency, but entirely in a digital environment, heavily encrypted, stored and transferred using electronic devices.

A bitcoin wallet is your own electronic account that allows you to send and receive money, to make purchases on the Internet and in brick - and - mortar stores, to exchange bitcoin for other currencies.

As an experienced trader, Samman understands derivatives and how bitcoin investors could use BTC.sx to hedge their bets on the volatile electronic currency.

«Although the Segwit - chain inherited the name «Bitcoin,» the Bitcoin Cash chain much more closely resembles the version of Bitcoin which sparked the entire digital currency boom by being an exemplary electronic payment system,» Ver wrote in a statement.

Other News headlines — There's a Big Difference Between Electronic Fiat and Cryptocurrency; Japanese Banks Trial Virtual Currency For Funds Transfers; Ethereum's Ether Token Tops $ 60 to Set New All - Time High; Bitfinex Price Spreads Bring Uncertainty to Bitcoin's Price Rally; India is Cracking Down on OneCoin; Jihan Wu Confirms Backdoor Claims in Bitcoin Miner Bitmain — interesting!

Technically, the idea of an electronic peer - to - peer currency was being tinkered with decades ago, but it wasn't truly successful until 2008, when bitcoin was conceived.

Since some people no longer believe that fiat currency is a legitimate store of value, modern forms of tangible money are seeing record price levels, such as Bitcoins and (electronic statements of) gold and silver holdings.

Bourrinet and Mauret cite the French Monetary and Financial Code claiming that from the French law perspective bitcoin does not fall under any known category: it is neither a currency nor a payment method nor an electronic currency.

The header of the Bitcoin white paper defines the digital currency as «A Peer - to - Peer Electronic Cash System.»

Originally starting as an electronic currency exchange over 10 years ago, the company has gathered a large customer base after adding bitcoin and other cryptocurrencies in recent years.

According to Oliver Bussmann, CIO of Swiss bank UBS, the biggest disrupting force is the blockchain — the underlying technology behind Bitcoin, the electronic - only currency which is created on computers and isn't controlled by any government or centralized authority.

However, it's difficult to imagine the creation of bitcoin, let alone the hundreds of other digital currencies which have since launched, without the earlier attempts at cryptocurrencies and electronic cash in the decades before bitcoin was launched.

In August, lawmaker Park Yong - jin submitted a proposed amendment to the Electronic Financial Transactions Act to provide a regulatory framework for bitcoin and other digital currencies.

The country's largest electronic retailer Bic Camera, leading budget airline Peach, and hotel chain Capsule have been accepting bitcoin since mid-2017, almost immediately after the Japanese government legalized and approved bitcoin as a currency.

Cointelegraph Adoption of Bitcoin in Japan's famous electronic sector, Akihabara, is on the rise as the tech - savvy neighborhood starts embracing the digital currency.