Sentences with phrase «issued state cryptocurrency»

Time not (yet) right for state digital currency While the BIS, the central banks for central banks, recently said that policymakers will likely have to consider whether it makes sense for them to issue their own digital currency at some point, most central banks, including the Fed, the ECB, and the central bank of Australia are not overtly enthusiastic about the idea of creating a central bank issued state cryptocurrency taking a wait - and - see attitude.

Not exact matches

Whereas traditional investment methods require a firm to list in one country and utilize (at least initially) one exchange, creating and selling its own cryptocurrency allows a firm access to finance from anyone, anywhere, outside the normal constraints imposed by state - issued currencies.

On Friday, the state's securities board issued its fourth emergency cease - and - desist order in just over a month on a cryptocurrency company.

Indonesia's central bank will trial a state - issued cryptocurrency later this year, according to reports.

The Bank of Israel and the country's Finance Ministry are rumored to be weighing the possibility of issuing a state - backed cryptocurrency, according to an anonymous source with the ministry.

A bill submitted to the New York State Assembly would convene a taskforce to explore the ramifications of the state issuing its own cryptocurrState Assembly would convene a taskforce to explore the ramifications of the state issuing its own cryptocurrstate issuing its own cryptocurrency.

Officials with Israel's central bank and Finance Ministry are considering introducing a state - issued cryptocurrency.

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.»

The «bank for central banks» has released a paper on the possible impact of state - issued cryptocurrencies, as well as arguments for and against the introduction of such monetary instruments.

The bank official described state - issued cryptocurrency as another possible solution to this problem, opining that, «Central banks around the world are examining (the use of digital currencies) so we should as well.»

Additionally, he said that plans to issue a state - backed cryptocurrency, dubbed the Cryptoruble, have been scrapped.

President Nicolás Maduro recently said that Venezuela will hold the presale for its oil - backed, state - issued cryptocurrency, the petro, on February 20, and that the government will distribute mining equipment to universities, savings banks, and other institutions.

Since the initial announcement of plans for a state - issued cryptocurrency, various details of the petro project have appeared to change without any official explanation.

Following internal debate over a state document that was issued September 4, BTCC has opted to close down its Chinese cryptocurrency exchange.

On November 4, 2017, Yao Qian, the Deputy Director of the PBoC's Science and Technology Division and director of the PBoC Digital Currency Research Institute, reportedly spoke in Beijing, where he highlighted the importance of state - backed, central bank - issued cryptocurrency in an increasingly digital world.

Filed on February 2, 2018, another «Emergency Cease and Desist» order has been issued by the Texas State Securities Board (TSSB), this time against cryptocurrency startup DavorCoin.

That about sums up the state of U.S. token sales in the wake of new dialogue on whether the mechanism, by which startups are issuing custom cryptocurrencies to raise funds, is compliant with the law.

U.S. President Donald Trump has issued an executive order prohibiting Americans from purchasing the Petro, Venezuela's state - backed cryptocurrency.

The Indian cryptocurrency ecosystem is already facing heat from the Reserve Bank of India, which issued a circular stating banks to deny services to anyone dealing in cryptos.

New Zealand recently issued guidance saying all cryptocurrencies are securities, whereas the SEC in the United States seems to only be concerned with so - called «initial coin offerings» (ICOs).

The CEO of Barclays has said that it won't be launching a cryptocurrency trading desk anytime soon stating that he is wary of regulatory and compliance issues.

Ironically, one of the significant differences between the cryptocurrency and the currencies of nation - states issued and overseen by Central Banks appears to have led to this state of affairs being possible in the first place.

The central banking authority in India, Reserve Bank of India, issued a circular earlier this month which stated that no regulated body is allowed to provide services to those dealing with cryptocurrencies, whether individuals or organizations.

We have agreed on the following: the state should regulate the process of issuing cryptocurrencies, the process of mining, the process of circulation... The state should head this situation and regulate it legally.

Cambodia is reportedly looking to issue its own state - backed cryptocurrency, mirroring Venezuela's recent actions.

Lawyers are licking their chops As Initial Coin Offerings (ICOs) continue to bombard cryptocurrency investors left and right, Ripple CEO Brad Garlinghouse has stated that entrepreneurs issuing digital tokens would be wise to «save some of those proceeds» for impending lawsuits.

Venezuelan President Nicholas Maduro has claimed the successful launch and sale of Petro — the first ever state - issued cryptocurrency.

The above examples clearly illustrate how local and state - issued cryptocurrencies are becoming a popular prospect worldwide.

In part, he based this theory on the idea that governments would not allow decentralized or anonymous cryptocurrencies to completely replace state - issued tender.

Coinbase has been dogged by platform issues amid a period of notable price volatility around bitcoin and other cryptocurrencies, a state of affairs that has grown more apparent as the startup's trading footprint grows.

The states of Alaska and Idaho have recently issued warnings to their residents regarding the dangers involved in the cryptocurrency industry.

Featured Venezuelan government intends to purchase Russian auto parts with its state - issued cryptocurrency.

Andrea Maechler / banks / Bitmain / Canton of Zug / Central Bank / Commercial Banks / crypto / Crypto Valley / Cryptocurrencies / Cryptocurrency / cryptos / Currency / Economy & Regulation / financial stability / Gazprombank / N - Economy / Poland / Regulation / Regulations / russia / SNB / state - issued / state - sponsored / Sweden / swiss / Swiss franc / Swiss National Bank / Switzerland / Venezuela

Underpinned by elastic algorithm - controlled monetary policy, the team behind USDX Protocol stated that the system will ensure that / USDY will never stray too far from its pegged value, thus safeguarding against volatility in price, which is a major issue for cryptocurrencies such as Bitcoin.

It was during mid-February, when the government of Venezuela launched Petro, the world's first state - issued cryptocurrency.

Soon after Trump signed an executive order to put a ban on Venezuela's cryptocurrency, Petro in The States, now the latest crypto news coming in is that, Bitfine which is the largest cryptocurrency exchange, has issued a statement on the 27th March 2018 regarding in which it restricts the sale of Venezuela's state - issued Petro Token (PTR).

Likewise, the authors claimed that a state - issued cryptocurrency could impact the extension of credit to the private sector because it would undermine fractional reserve banking, writing:

The Texas order, though coming from a state - level authority, highlights another instance where regulators in the U.S. are scrutinizing cryptocurrency projects that may be seen as issuing unregistered securities through the token offering process.

Similarly, Cryptocurrency Exchanges in Unites States may be issued license for operation of Bitcoin related activities.

Further, news outlet Yicai reported yesterday that Shanghai's Municipal Finance Service Office had issued a verbal warning to all cryptocurrency exchanges, stating that operations must cease by the end of September.

According to a press release issued Jan. 26, the Texas Department of Banking said its cease - and - desist order issued to cryptocurrency banking platform AriseBank has taken effect, barring its services in the state.

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.

Government regulators of Morocco have already issued hardcore threats to cryptocurrency enthusiasts and bitcoin miners stating that:

Investors are rushing to get their hands on Venezuela's state - issued cryptocurrency, according to President Nicolas Maduro.

That was the year the US Internal Revenue Service (IRS) notably issued guidance stating that it would treat cryptocurrencies like bitcoin as kinds of taxable property.

Bitfinex, the Hong Kong - based cryptocurrency exchange, has recently refused to list «El Petro», arguing that the digital currency offers «limited utility» and that listing the first ever state - issued digital currency «could be construed as an attempt to circumvent legitimate sanctions against the GOV.»

This had served as a major cause of concern for Lee Nak - yon, the South Korean Prime Minister who had issued a warning last year stating that increasing usage of cryptocurrencies can «lead to some serious distorted or pathological phenomenon.»

President Donald Trump's administration issued an executive order on Monday that essentially bans «any transactions within the United States involving any digital currency issued by, for, or on behalf of the Government of Venezuela,» effectively making it illegal to purchase or use the oil - backed Petro cryptocurrency...

As stated in the Dalia Bass Letter in January, the SEC has stated that they are not inclined to see any more new registrations of fund offerings with cryptocurrency holdings until these issues are resolved.

Nikolai Nikiforov, the communications and mass media minister of Russia had long back announced the nation's intention of issuing a state sanctioned cryptocurrency called CryptoRuble.