Sentences with phrase «going from fiat currency»

Whenever you're going from fiat currency to bitcoins and vice-versa, you're going to pass some personal information and supporting documents to the exchange, such as the following:

Not exact matches

Whether that's this year in 2018 or 2019, I don't know, but I do know that over the next 3 years this big reversal that we talk about in the paper is going to unfold and is going to take away all the options from the governments that have fiat currencies.

Rather, to use funds from your bank or credit card, you must first go through an exchange like Coinbase that supports your fiat currency.

While other central banks - from Ukraine to Barbados to Brazil - have spent this year talking about the potential benefits a crypto version of fiat currency could provide, Qian's article is notable in that it's perhaps the most detailed and candid look at how a central bank might go about its design and management.

In order to move traditional fiat currencies from one account to another, you have to pay a fee, as your transfer goes through many third parties and regulators which take their profit from every transaction.

However, given how unstable and debt - ridden fiat currencies are at the moment, it is more likely that digital currencies will serve as emergency lifeboats as the Titanic of government currencies goes down — in other words, far from orderly, very messy, but ultimately life - saving.

This announcement from Bitfinex comes less than a week after the Nicolas Maduro, the Venezuelan president went on air to announce the availability of the petro token for purchase with foreign fiat currency including the euro, Yuan, Turkish liras, and rubles.

We've gone from commodities as money, commodity - backed money and government - backed fiat currencies to distributed, database money.

While other central banks — from Ukraine to Barbados to Brazil — have spent this year talking about the potential benefits a crypto version of fiat currency could provide, Qian's article is notable in that it's perhaps the most detailed and candid look at how a central bank might go about its design and management.

Yet, in interpreting the statement from the People's Bank of China in September on banning initial coin offerings (ICOs), financial columnist and a TV personality Li Cangyu went so far as to state the the feature tries to bypass law enforcement and violates the specific rule whereby the PBoC prohibited any exchange from facilitating the trading between cryptocurrency and fiat currency.