Sentences with phrase «legal as a means of payment»

While in some countries they are legal as a means of payment, in others they have no legal status yet or even got banned.

Not exact matches

A draft law submitted to Russian parliament would designate the yet - to - be-issued cryptoruble as a legal means of payment in the country.

Bitcoin got an unexpected endorsement this week - federal authorities signaled they view the digital currency as a legal means of exchange and legitimate payment alternative.

Recognizes bitcoin as a «legal means of payment».

So, that is, accepting the digital currency today is completely legal; this means MonaCoin and other cryptos can be used as a medium of payment in businesses, stores, or restaurants.

The term «default» means you have failed to make payments on your student loan as scheduled according to the terms of your promissory note, the binding legal document you signed at the time you took out your student loan.

The term «default» means you have failed to make payments on your student loan as scheduled according to the terms of your promissory note, the binding legal document you signed... [Read more...] about Understanding Delinquency vs Default On Student Loans

garnishment [top] Legal proceeding whereby money or property due to a creditor, but in the possession of another, such as an employer, is intercepted by means of a court order and applied to the payment of the debt owed to the plaintiff creditor.

Many pieces in the collection are not in fact legal tender, yet they function as a means of payment in their mutual acceptance by exchanging parties.

Even though salary continuance is not a legal mechanism for the payment of statutory termination pay, and even though judges will often not order it as a remedy in a wrongful dismissal case, that does not necessarily mean that (a) salary continuance is never «legal» or (b) employees may not have to accept it.

Due to certain mix - up and corruption in Nigeria system» payments is being made by cash payment, «meaning» you will have to come to Nigeria in person for proper signing of all legal papers as this method was considered suitable for this process as advised and directed by the UN, FBI and CBN Governor so you will not be asked to pay any upfront fees.

Bank of Japan Governor Haruhiko Kuroda said on Tuesday cryptocurrencies likely won't threaten legal tenders like the yen any time soon as they are mostly used for speculative trading, rather than as payments and settlement means.

Unlike the U.S., Germany will regard bitcoin as equivalent to legal tender when used as a means of payment, according to a new government document.

The German authorities justified this decision by stating that all virtual currencies such as Bitcoin will be considered a legal method of payment as long as all parties involved in the transaction accept that that cryptocurrency will be used as a means of payment.

«So - called virtual currencies (cryptocurrencies such as Bitcoin) are considered equal to the legal means of payment, as long as these so - called virtual currencies have been accepted as alternative and contractual means of payment by the parties involved in the transaction and have no other purpose than being used as a means of payment.»

These laws came into effect on April 1 2017, along with the Payment Services Act recognizing cryptocurrencies as a means of payment, granting them the same legal status as any other cuPayment Services Act recognizing cryptocurrencies as a means of payment, granting them the same legal status as any other cupayment, granting them the same legal status as any other currency.

At the same time, the use of cryptocurrencies is expected to remain somewhat limited, as they will not be accepted as legal means of payment.

Earlier this year in April, Japan passed a long discussed law that recognizes Bitcoin and other cryptocurrencies as means of payment that «are not legal currency», as Japan's Payment Services Actpayment that «are not legal currency», as Japan's Payment Services ActPayment Services Act reads.

Instead, Germany will regard bitcoin as the equivalent to legal tender for tax purposes when used as a means of payment, according to a new document.

The lawsuit notes that, according to HUD, characterizing «such arrangements as «marketing» or «administrative» agreements does not render the underlying conduct legal» and that the agreements are «only a means to facilitate payments for referrals by persons in a position to refer settlement service business, in violation of RESPA.»