Sentences with phrase «eliminate use of cryptocurrencies»
As such, it is hard to see how any country can possibly eliminate the use of these cryptocurrencies in their entirety.
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Reuters India wrote a dramatic headline: «India vows to eliminate use of cryptocurrencies».
South Korea has doubled down on its commitment to eliminating the use of cryptocurrency in illicit financial activities, while expressed a will to foster the country's blockchain development.
South Korea has doubled down on its commitment to eliminating the use of cryptocurrency in illicit financial activities, while expressed a will to...
Not exact matches
«The government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these crypto - assets in financing illegitimate activities or as part of the payment system,» Arun Jaitley told lawmakers in New Delhi, according to a transcript by The Hindu newspaper.
India's finance minister said Thursday that the country wants to «eliminate» the use of cryptocurrencies in criminal activities.
«The Government does not consider cryptocurrencies as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system.»
Using cryptocurrency, is also extremely safer than real currency, as cryptocurrency, is 100 percent digital, so it eliminates the risks of being stolen in robberies or other relating crime that occurs in these countries.
«The Government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto - assets in financing illegitimate activities or as part of the payment system.»
The IAMAI panel statement said that every citizen and business in this country should play their role in eliminating financing of illegitimate activities, regardless of whether such financing is done using legal tender, cryptocurrency, gold, or any other medium.
The Indian finance minister, Arun Jaitley's budget speech on February 1st, stating that «the government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these crypto - assets in financing illegitimate activities or as part of the payments system,» added to the existing FUD (Fear, Uncertainty, and Doubt) in the market for cryptocurrencies, sending major crypto - assets down to bargain levels.
All fees are paid using payment codes, which can be purchased using PayPal or major credit cards, eliminating the complexities of cryptocurrency exchanges.
«The government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these crypto - assets in financing illegitimate activities or as part of the payment system,» Jaitley said during a budget speech in which he also expressed interest in blockchain technology.
«The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these cryptoassets in financing illegitimate activities or as part of the payment system,» Jaitley told parliament in his annual budget speech.
«The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate the use of these crypto assets in financing illegitimate activities or as part of the payment system,» Jaitley told parliament while presenting the annual budget.
The partnership will allow Welto to support ZenCash payments through an integration of CoinPayments, a gateway system that eliminates the need to use an exchange to convert cryptocurrency to fiat currency.
Indeed, using cryptocurrencies as means of payment remains a problem that Cointed wants to eliminate.
«The Government does not consider cryptocurrencies as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system.»
The move comes after the government issued a set of guidelines that it hopes will eliminate cryptocurrency being used in money laundering and drug trafficking cases.
«The Government does not consider cryptocurrencies legal tender or coin and will take measures to eliminate use of these crypto - assets in financing illegitimate activities or as part of the payment system.
Finance Minister Arun Jaitley just told lawmakers that «the government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto - assets in financing illegitimate activities or as part of the payment system.»
To make things worse for an already volatile market, India's finance minister Arun Jaitley, also said that the country's government «does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto assets in financing illegitimate activities or as part of the payment system.»
Last year, Japan was a country that developed the world's first system to regulate cryptocurrency exchanges with a view to provide protection for customers and eliminate illegal ways of using cryptocurrencies.
«The Government does not consider cryptocurrencies legal tender or coin and will take measures to eliminate use of these crypto - assets in financing legitimate activities or as part of the payment system.
This month Indian government reaffirmed its commitment to eliminate illicit use of cryptocurrencies.
«Every citizen and business in this country should play their role in eliminating financing of illegitimate activities, regardless of whether such financing is done using legal tender, cryptocurrency, gold or any other medium.
Since cryptocurrencies are used in cross-border transactions, US sourced cryptocurrency gains of non-resident taxpayers would be subjected to a withholding tax that could be reduced or eliminated under an income tax treaty.
«The government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system,» India's finance minister Arun Jaitley said during a budget speech on Thursday.
Indian finance minister said it will eliminate usage of cryptocurrencies like bitcoin in «criminal use cases.»