Sentences with phrase «exchange of digital money»

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The app is marketed as a digital wallet that would allow users to store cryptocurrencies independently of an exchange, meaning users can access their money if things go wrong at the exchange.

«The reason ripple is surging so much is it's a bubble,» said Erik Voorhees, CEO of digital asset exchange ShapeShift and a vocal advocate for bitcoin as a way to separate money and the state.

In 2014, the then - largest digital currency exchange, Mt. Gox (in Japan) went bust — initially losing roughly $ 475 million of investors» money.

The Dec. 20 sentencing of Charlie Shrem, one of the digital currency's most vocal cheerleaders as vice-chairman of the Bitcoin Foundation and chief executive of an exchange called BitInstant, to two years in prison for illegal money transfers doesn't help.

The finance ministry had published an earlier draft of the latter bill on its website in January 2018, and noted that the central bank took exception to a provision that would allow decentralized cryptocurrencies to be traded on exchanges for other digital assets as well as for fiat money.

** Japanese online brokerage firm Monex Group Inc will buy Coincheck Inc, the exchange at the center of a $ 530 million digital money heist, for 3.6 billion yen ($ 33.6 million), the latest move by a mainstream finance firm into the cryptocurrency market.

Bitcoin believers were shaken to their digital souls when Mt. Gox, the world's largest exchange, defaulted on $ 470 million worth of deposits and closed.The virtual currency was supposed to provide a safer, more private and less costly alternative to money...

Take a gander at some of the latest stories: Also read: Hullcoin Leads This Week's Digital Currency News KRAKEN It's a week of investments for cryptocurrencies as Bitcoin exchange Kraken received a hefty sum during its Series B stage of financing from Money Partners Group in Tokyo, one of

««Virtual currencies» means a digital representation of value that is neither issued by a central bank or a public authority, not attached to a legally established currency, which does not possess the legal status of currency or money, but is accepted by natural or legal persons as a means of exchange or for other purposes, and can be transferred, stored or traded electronically.

Mobile money agents are effectively mini-forex exchanges, only, instead of foreign currency it's a private digital currency and instead of a foreign country, it's a mobile operator's virtual territory.

Digital currency or digital money is an Internet - based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer - of - ownDigital currency or digital money is an Internet - based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer - of - owndigital money is an Internet - based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer - of - ownership.

The third - largest digital money is also finding problems for getting listed in two of the top American cryptocurrency exchanges, Gemini and Coinbase despite their endless appeals and persistence.

«Internationally, it is considered that the extension of AML / CTF regulation to include convertible digital currency exchanges would encourage innovation and investment by ensuring service providers have greater certainty and security in their dealings with digital currency businesses, while reducing the money laundering and terrorism financing risks associated with this emerging technology.»

A cryptocurrency exchange facilitates the trading of cryptocurrencies, in exchange for other assets such as fiat money or another digital currency, and delivers the coins to the customer's crypto - wallet.

In fact, an Internal Revenue Service (IRS) loophole known as the «like - kind exchange,» which had allowed crypto investors to sell one virtual currency and put that money to work in other digital tokens (a like - kind exchange) allowed investors to completely avoid taxation as a result of technicality.

The common denominator is the measure of anonymity these digital currencies lend to transactions, their unrestricted access from anywhere on the globe and the fact that they can be exchanged for money without being otherwise regulated by any central entity.

It allows doing fast exchanges of any digital assets without a necessity to provide access to one's money to a third party.

Unless you live in a cave, you know that cryptocurrencies are a digital means of monetary exchange that are secured by encryption, with no physical representation of the «money.»

Youboox laywer Emmanuel Pierrat argued in October 2014 that the French book price law refers to exclusively to the sale price of a book, or the exchange of money for ownership of a book, not for a license to read a digital book, which is what services like Youboox provide.

Some digital advisor firms will invest your money in a mix of exchange - traded funds (ETFs) and mutual funds.

If you've already put your money down for this bundle but want to obtain a physical copy of the game instead, Microsoft is willing to work with you and provide you with an exchange for the digital copy.

Additionally investors would also earn «enormous» and «real» monies from the profits of PlexCorps and the appreciation in value of the PlexCoin Tokens based on the efforts of the PlexCorps «market maintenance» team who would be listing the tokens on digital asset exchanges and through secondary market trading.

According to Reuters: «Japan's financial regulator said on Friday it had ordered all cryptocurrency exchanges to submit a report on their system risk management, following the hacking of over half a billion dollars of digital money from Coincheck.»

The amendments to Australia's AML laws will ensure that «bitcoin exchanges» will be regulated and will impose reporting and record - keeping obligations on digital currency exchange providers, and require them to enrol and register on the Digital Currency Exchange Register maintained by Australian Transaction Reports and Analysis Centre (AUSTRAC) and to comply with protocols to identify and mitigate the risks of money laundering and terrorism findigital currency exchange providers, and require them to enrol and register on the Digital Currency Exchange Register maintained by Australian Transaction Reports and Analysis Centre (AUSTRAC) and to comply with protocols to identify and mitigate the risks of money laundering and terrorism fiexchange providers, and require them to enrol and register on the Digital Currency Exchange Register maintained by Australian Transaction Reports and Analysis Centre (AUSTRAC) and to comply with protocols to identify and mitigate the risks of money laundering and terrorism finDigital Currency Exchange Register maintained by Australian Transaction Reports and Analysis Centre (AUSTRAC) and to comply with protocols to identify and mitigate the risks of money laundering and terrorism fiExchange Register maintained by Australian Transaction Reports and Analysis Centre (AUSTRAC) and to comply with protocols to identify and mitigate the risks of money laundering and terrorism financing.

There has also been the incidence of hacks on exchanges, the latest being the theft of roughly $ 532.9 million in digital money from Tokyo - based cryptocurrency exchange Coincheck a few weeks ago.

Japan's Financial Services Agency on Friday ordered two cryptocurrency exchanges to suspend business for two months as it cracks down on regulatory lapses following the massive theft of digital money at Tokyo - based Coincheck.

Bitcoin, an alternative to paper money in which trades match up over computers without the involvement of banks or governments, is a natural fit for the Japanese, said Mike Kayamori, the CEO of digital - currency exchange Quoine, the nation's third largest by volume.

Japanese online brokerage firm Monex Group Inc will buy Coincheck Inc, the exchange at the center of a $ 530 million digital money heist, for 3.6 billion yen ($ 33.6 million), the latest move by a mainstream finance firm into the cryptocurrency market.

When cryptocurrency exchange Coincheck Inc explained how hackers made off with $ 530 million in digital money, it said part of the problem was beyond its control: Japan's lack of software engineers.

TOKYO (Reuters)- When cryptocurrency exchange Coincheck Inc explained how hackers made off with $ 530 million in digital money, it said part of the problem was beyond its control: Japan's lack of software engineers.

Some exchanges convert digital currency balance into a prepaid card for withdrawal of money worldwide.

Cashila, a bitcoin - euro money transfer and exchange platform, offers a fee - free option for users of Mycelium digital bitcoin wallets.

Superrich has provided money exchange services for over 50 years and aims to use the partnership with Dragon Token to develop a digital currency exchange to supplement its existing forex offerings and spearhead the growth of the blockchain industry in Thailand and the greater Asian region.

A group of cryptocurrency traders will file a lawsuit against Coincheck Inc on Thursday over last month's theft of $ 530 million (# 382 million) in digital money from the Tokyo - based exchange, a lawyer representing the claimants said.

The GMO Internet group is also establishing its own company, with plans to increase the number of digital currencies it trades based on demand. Kabu.com Securities and foreign exchange trader Money Partners Group plan to enter the field as well.

Australian government has recently proposed to bring in stringent regulation over Bitcoin Exchanges to counter terrorism and money laundering in the rise of significant evil creeping into the sphere of digital currency causing people to loose valuables while...

FICO's patent application, called «Advanced Learning System for Detection and Prevention of Money Laundering,» describes a programmable system that gather publicly available information from cryptocurrency exchanges and miners to track the flow of digital currencies.

The combination of the two platforms may create a powerful payments / money transfer / digital currency exchange with a global presence.

Havven will offer a digital method of payment that fulfils the same three functions that traditional forms of money and asset - ownership do: act as a unit of account, a medium of exchange, and as a store of value, states the company.

Once implemented, it is expected the ban will prevent the advertising of initial coin offerings (ICOs), a controversial means of raising funds in which early investors provide money to a startup in exchange for digital tokens with the promise that if the company succeeds, the tokens will skyrocket in value.

Instead of accepting some fund's money in exchange for equity stakes, these firms decide to issue their own digital currencies, or tokens, that anyone can buy in a crowdsale.

Japan's financial regulator has ordered Coincheck to get its act together after hackers stole $ 530 million worth of digital money from its exchange, jolting the nation's cryptocurrency market in one of the biggest cyber heists.

ICOs, as famously known, is a way to raise money by offering digital tokens to investors in exchange of other cryptocurrencies like Bitcoins and Ethereum.

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Japanese authorities said on Monday they would investigate all cryptocurrency exchanges in the country for security gaps and ordered Coincheck to raise its standards after hackers stole $ 530 million of digital money from the Tokyo - based exchange.

As was previously reported, Coinbase — one of the most popular digital currency exchanges — experienced one of the more egregious errors in recent cryptocurrency history by duplicating users» past debit / credit card and bank purchases, effectively siphoning money from accounts without authorization.

In Zimbabwe, where digital currencies are traded on exchanges and used for remittance payments, the monetary authority has warned about the risk of «money laundering, terrorism financing, tax evasion and fraud.»

Once implemented, it would significantly improve Bitcoin's utility as a digital medium of exchange against fiat money.

Australian government has recently proposed to bring in stringent regulation over Bitcoin Exchanges to counter terrorism and money laundering in the rise of significant evil creeping into the sphere of digital currency causing people to loose valuables while transacting in cryptospace.

«Now, the people of Belarus can list and promote ICOs, create and sell cryptocurrencies, establish cryptocurrency exchanges and do other operations with digital money,»