Sentences with phrase «holding virtual money»

However, overcoming a cultural norm is quite difficult for a group of people who are not well - informed about the advantages and disadvantages of banks, but also of holding virtual money, rather than cash.

Not exact matches

In fact, the company spent more money building out new research about social media and television convergence and holding a virtual conference.

Consumers needed to be told clearly about risks in the virtual currency, such as the fact that transactions are generally irreversible, and that they could lose their money if they hold onto bitcoins for an extended period.

However, it held that American entities who generate «virtual currency» such as bitcoins are money transmitters or MSBs if they sell their generated currency for national currency:»... a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter.»

Such individuals can also act as a living escrow account by holding a buyer's money until the virtual currency transaction has been completed.

I just learned from Slow Food USA that the Food Research and Action Center (FRAC) is holding a virtual rally — going on right now — to protest the current state of school food, Congress's failure to pass the CNA and its plan to fund any child nutrition legislation with money from the food stamp program.

The guidance issued by the Department of Financial Services was framed a reminder for those who hold a money transmitter license that they are required to implement oversight measures that are aimed at preventing and deducting efforts to defraud virtual currency.

In Australia the ASX (Australian Stock Exchange) holds stock market games for high school students using virtual money.

PawPawty: A PawPawty is a virtual «party» held once a month on Twitter where anipals have fun and raise money for animal charities.

There is nothing wrong in providing goods and service for money (real world or virtual) but buyers and sellers are violating one thing that I hold dear, «Gaming Ethics».

The Tokens could be deemed from time to time as a virtual commodity, a digital asset or even as money, securities or currency in various jurisdictions and therefore could be prohibited from being sold, purchased, traded, distributed or held in certain jurisdictions pursuant to local regulations.

These include SBI Holdings» SBI Virtual Currencies, GMO Internet, Kabu.com Securities and Money Partners Group, along with the extant Japanese exchanges such as BitFlyer.

The guidance is to be implemented by all virtual currency businesses in the state, including those that hold a New York money transmitter license.

Introduced in 2014, Ethereum has been receiving a lot of attention as an experimental virtual currency that uses cryptography to hold and suspend money instead of the traditional bank or credit card companies.

A money transmitter licensee transmitting virtual currencies must hold like kind virtual currencies in the same volume obligated to consumers.

As the accounts of exchanges remain inactive, their customers are unable to deposit or withdraw money by selling the virtual coins they hold, unleashing chaos among investors, according to a news report published by an India daily.

California's «AB - 129 Lawful money: alternative currency», passed assembly the same day that New York Department of Financial Services (NYDFS) held public hearings on virtual currencies.