Sentences with phrase «issuing national currency»

But in countries like the United States, China, Russia, Singapore and Switzerland, government groups have talked about using blockchains for myriad tasks, like issuing national currency or tracking identity records for citizens and visitors.

It would appear that Russia, China, Singapore, among other nations, are seeking to develop distributed ledgers through which to issue national currencies.

Not exact matches

On March 19, 2018, the US Department of the Treasury issued guidance regarding virtual currency sanctions levied by its Office of Foreign Assets Control (OFAC), explaining that OFAC may add specific digital currency addresses to the Specially Designated Nationals (SDN) List.

An alternative approach is to issue a currency that can not be exchanged for the national currency.

The National Bank of Hungary issued a warning to its citizens about the potential dangers of virtual currencies on 19th February, calling the payment method «much riskier» than other electronic payment options such as credit cards.

Very soon, Law's national bank began to issue much more paper currency than it received in gold and silver currency deposits, which created an inflationary economic «bubble boom.»

These premia must do, as I said, with default, with liquidity, but they also have to do more and more with convertibility, with the risk of convertibility [e.g. a country now using the Euro makes the political choice to leave the Euro and issue its own new national currency.

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

Venezuelan President Nicolas Maduro plans to follow through with his new national digital currency, the petro, by issuing 100 million units of the new currency.

The Office of the Comptroller of the Currency (OCC) is moving ahead with a plan to issue national bank charters to financial technology firms, such as online - only banks and other firms that move money around.

Government bonds are similar to corporate bonds with the exception that they are issued by a national government, and in the country's own currency.

Dollarization This event occurs when a country decides not to issue its own currency and adopts a foreign currency as its national currency.

fixed - income securities issued by a national government in that country's local currency; in addition to the credit risks presented by the issue and the issuing country, may also be subject to currency risk

It is issued by the national government in a foreign currency in order to finance the issuing country's growth and development.

Sovereign debt is issued by the national government in a foreign currency in order to finance the issuing country's growth and development.

The programme was supposed to apply «temporarily» but without an explicit limitation in time, and allowed both national central banks and the ECB to buy on the secondary market eligible marketable debt instruments issued by the central governments or public entities of the Member States whose currency is the Euro; as well as on the primary and secondary markets eligible marketable debt instruments issued by private entities incorporated in the Euro area.

There are only two fundamental differences between bitcoin and national currencies: (1) bitcoin is issued by an algorithm rather than a central bank so predictable machines rather than arbitrary humans control the «printing» and the total amount of bitcoin; (2) creditors can sue you if you present bitcoin to settle a debt denominated in national currency but if you present the currency it will be a defence to the creditor's suit under some form of a «legal tender» statute (Currency Act, RSC 1985, c C - 52 in Canada; 31 U.S. Code § 5103 in currency but if you present the currency it will be a defence to the creditor's suit under some form of a «legal tender» statute (Currency Act, RSC 1985, c C - 52 in Canada; 31 U.S. Code § 5103 in currency it will be a defence to the creditor's suit under some form of a «legal tender» statute (Currency Act, RSC 1985, c C - 52 in Canada; 31 U.S. Code § 5103 in Currency Act, RSC 1985, c C - 52 in Canada; 31 U.S. Code § 5103 in the US).

The following questions have been referred to the European Court of Justice: (i) «If a European Union citizen, present in a Member State of which she is not a national, was, prior to the transposition of Council Directive (EC) 2004/38, the holder of a residence permit validly issued pursuant to art 4 (2) of Council Directive (EEC) 68/360, but was for a period of time during the currency of the permit voluntarily unemployed, not self - sufficient and outside the qualifications for the issue of such a permit, did that person by reason only of her possession of the permit, remain during that time someone who «resided legally» in the host Member State for the purpose of later acquiring a permanent right of residence under art 16 (1) of Directive 2004/38»

Bitcoins are not issued by banks or governments — indeed the Bitcoin platform was designed to offer an alternative to national currencies like the dollar, and commodity - based currencies such as gold or silver coins.

Economy & Regulation Private digital currencies are better than any state - issued version, admitted a high - ranking representative of the Swiss National Bank.

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

«We do not have the intention, at least the immediate intention, to issue a national cryptocurrency», answered Lucas Llach to our question regarding the possibility of Argentina to issue its local virtual currency.

The chairman of the Swiss National Bank (SNB), Thomas Jordan, has said that central banks are eyeing the issues of cryptocurrencies «very intensively,» adding, «I would look at them more as an investment than a currency.»

According to Andréa Maechler, a high - ranking representative of the Swiss National Bank, cryptocurrencies have advantages over government - issued digital currencies.

The PAX (Pegged Asset Exchange)-- This exchange allows users to exchange national currencies in the form of assets issued on the Komodo network.

A complementary currency is one that supplements a national currency without competing with it; an example would be private «money» issued by a business to customers as a promotion.

Mastercard Asia - Pacific co-president Ari Sarker has opined that the world's second - biggest payments company would be «very happy to look at» supporting national digital currencies that are issued and backed by central banks.

As one of the president's closest advisers, he could have input on a wide range of issues affecting China, from national security concerns and territorial disputes to trade matters and allegations of currency manipulation.

The proposal is being issued jointly by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, the Federal Housing Finance Agency, and the National Credit Union Administration.