Sentences with phrase «issued by the central bank»

««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.

The December 5th regulation, if you will, is a piece of regulation issued by the central bank of the People's Bank of China, and it governs what the status is of Bitcoin according to the central bank's perspective.

Everyone else can access money issued by the central bank in the form of cold hard cash.

Benoit Coeure, chair of the BIS» committee on payments and market infrastructures, said that that virtual currencies issued by central banks showed promise in wholesale payments.

«A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft.

Hence, the desire to only support cryptocurrencies issued by central banks.

MasterCard is open to the idea of using future national digital currencies issued by Central banks, according to co-Chairman of Mastercard Asia / Pacific.

Speaking to the Financial Times, Mastercard executive Ari Sarker says that the company is «very happy» to consider helping the use of cryptocurrencies, but only as long as those virtual currencies are issued by central banks.

An economic survey of Japanese business issued by the central Bank of Japan, which it then uses to formulate monetary policy.

A statement issued by the Central Bank said: «The Bank of Ghana has approved a Purchase and Assumption transaction with GCB Bank Limited that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd..

Treasuries A government bond is an IOU issued by the central bank, which it guarantees to repay at a given date.

What we are really seeing is our currency being devalued by the addition of new currency issued by the central bank.

The current set of banknotes issued by the Central Bank of the Philippines features Philippine landmarks and tourist destinations, which are considered the most valuable treasures of our nation.

This new monetary law which have been issued by the central bank of Vietnam is all set to...

If the present growth momentum of Bitcoin maintains its stride in days to come in terms of infrastructure, user base, trading volume, transaction volume and adoption by big financial bodies, then nothing can stop Bitcoin from posing as a big threat to the government backed fiat - currencies issued by central banks.

The Co-President Asia - Pacific division for MasterCard, Ari Sarker stated in an interview with the Financial Times that the company would be open to the idea of using cryptocurrencies that have been issued by central banks.

A currency can be considered fiat when the same can be issued by the Central Bank digitally for being tossed around in cyber space without banking on the use of physical money.

As opposed to private digital tokens, these are issued by a central bank.

There is no country in the world that allows its citizens to use digital currencies as money not issued by the Central Bank.

This new monetary law which have been issued by the central bank of Vietnam is all set to get operational from the first quarter of 2018.

Mr. Reidel said that «it is for sure that there will be more cryptocurrencies, much more than the ones we know today, and some of them will be issued by central banks from other countries».

You can imagine that instead of giving you a piece of paper saying the Bank of Israel on it, I can send you a piece of digital code that was issued by a central bank.

It is not issued by any central bank, or under government regulation.

The cryptos must be issued by central banks.

These constraints will be absolutely perfect for the cryptocurrencies issued by the central bank.

The International Monetary Fund's Staff Discussion June Note lists the main challenges and benefits of digital currencies issued by central banks.

More comprehensive definitions have been attempted by the EBA in 2014 (European Banking Association) and the Banca d'Italia, which both define Bitcoin as «a digital representation of value that is neither issued by a central bank or public authority nor necessarily attached to a fiat currency, but is used by natural or legal persons as a means of exchange and can be transferred, stored or traded electronically».

Besides, bitcoin is not a real currency for it is not issued by the central bank.

Not exact matches

Under this hypothetical policy, governments transfer money directly to taxpayers to encourage spending, a handout funded by issuing bonds with a coupon of zero and no maturity date, which central banks buy.

In early February, $ 81 million had been stolen from Bangladesh's central bank by hackers who issued bogus instructions via Swift, the global interbank payment system, according to reports by the Philippine Senate committee, the Federal Reserve Bank of New York, and the Bangladesh Ministry of Finabank by hackers who issued bogus instructions via Swift, the global interbank payment system, according to reports by the Philippine Senate committee, the Federal Reserve Bank of New York, and the Bangladesh Ministry of FinaBank of New York, and the Bangladesh Ministry of Finance.

In Sweden, where use of cash is vanishing, the central bank is investigating issuing its own digital currency, the E-krona, out of concern that widespread use of other virtual currencies controlled by private actors could harm competitiveness.

The Philippine central bank has set up a separate cyber security surveillance division to craft cyber security policies and conduct surveillance work, monitor cyber threats and test the ability of supervised institutions to manage cyber security issues, Nestor Espenilla central bank deputy governor in charge of banking supervision, said in a lecture organized by the bank.

«The issue isn't particularly economic in terms of markets and it's not really the central banks... it's geopolitical and there's some bad things going on in the world and conventional analysis says things will be fine,» Schwarzman said at the Delivering Alpha conference, produced by CNBC and Institutional Investor.

While there is no central bank that issues them, bitcoins can be created online by using a computer to complete difficult tasks, a process known as mining.

It is controlled by the monopoly supplier of reserves to the banking system (the central bank) and the Treasury which dictates the average outstanding maturity of the liabilities it issues.

The idea here is essentially to work out how to set up cross-border mutual - fund type structures to invest in bonds issued by regional governments and quasi-government authorities, and to show the way with a modest amount of central bank money.

Several of the largest central banks in the world, including the Bank of England and the People's Bank of China, have said they are looking at using the technology introduced by Bitcoin to track and issue their own digital currencies.

Bitcoin has, however, served to stimulate interest in the potential offered by distributed ledgers, extending to the possibility of central - bank - issued digital currencies.

At some point in 2018, Bank Indonesia (the country's central bank) will reportedly trial a state - issued cryptocurrency, which is being referred to by Indonesian media sources as the «digital rupiah.&raBank Indonesia (the country's central bank) will reportedly trial a state - issued cryptocurrency, which is being referred to by Indonesian media sources as the «digital rupiah.&rabank) will reportedly trial a state - issued cryptocurrency, which is being referred to by Indonesian media sources as the «digital rupiah.»

In the face of this escalation in market instability, recent measures by the European Union and its member states, the IMF, and the ECB and other central banks have provided investors with some confidence that the underlying issues are being addressed, and that support mechanisms are in place.

A February 12 circular issued by the Bank of Thailand, the country's central bank, has laid out a series of prohibitions on financial institutions» activities relating to cryptocurreBank of Thailand, the country's central bank, has laid out a series of prohibitions on financial institutions» activities relating to cryptocurrebank, has laid out a series of prohibitions on financial institutions» activities relating to cryptocurrency.

A worldwide adoption of blockchain systems by central banks should create a solid foundation to convince other governments to adopt Ethereum - based solutions to address issues in fintech and other industries.

I fear that parts of the central bank community have become blinded by the science and the technique, and that there has been excess allocation of intellectual resources to this pursuit (which perhaps could have better been focused on financial stability issues).

If that sounds similar to how Bitcoin bills itself — as a cryptocurrency that «uses peer - to - peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network,» — you're on the money.

The problem is for this or other currencies to become international reserves held by foreign central banks, the issuing nation has to run a balance of payments deficit to pump this currency into the global economy.

«Bitcoin uses peer - to - peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.

The Bank of Israel and the ministry stress that digital currencies are not legal tender, nor are they issued or backed by a central bank, which means there is not legal requirement for anyone to accept or exchange tBank of Israel and the ministry stress that digital currencies are not legal tender, nor are they issued or backed by a central bank, which means there is not legal requirement for anyone to accept or exchange tbank, which means there is not legal requirement for anyone to accept or exchange them.

March, Igoche said that if digital currency not backed by any physical commodity such as gold or precious stone, are not classified as currency or coins issued by CNB or Central Bank of any other country.

In addition to near zero interest rates, central banks created excessive amounts of money by issuing trillions of dollars of bonds, e.g. QE1, QE2, QE3, QE4, etc. pushing unprecedented amounts of newly created money into global markets to contain the growing deflationary threat; and, while it failed to contain deflation, the excessive liquidity is now circulating in markets with no place to go, akin to moribund monetary edema.

The Zambian kwacha is issued and managed by the Zambian central bank, known as the Bank of Zambank, known as the Bank of ZamBank of Zambia.