Sentences with phrase «legal currency which»

Japan in particular actually formally recognized Bitcoin as legal currency which explains the rise of Bitcoin in that country, although Korea's surge is not as easily explained.

«[Bitcoin] can be regarded as a distributed system whose credibility is secured by mutual monitoring by network participants, as opposed to legal currencies which are a centralized system whose credibility is secured by the issuer.

Not exact matches

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

Mentions of «cryptocurrency» (digital currencies not tied to any country's legal tender) and related terms including «bitcoin» and «ethereum» (the two most popular cryptocurrencies), «blockchain» (the technology underlying these currencies), and «initial coin offering» (or ICO, which lets companies raise capital through the creation of a new cryptocurrency) have skyrocketed over the last seven years, according to data from Sentieo, a financial research firm.

««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 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 them.

The confidence in Bitcoin may break as a result of unexpected changes such as: unfavorable legal regulations, banning electronic legal tenders, introducing the prohibition on trading in virtual currency in specific areas, imposing high taxes, creating competitive alternative currencies, deflation, and other factors which may significantly affect the shaping of the exchange rate of Bitcoin against other currencies.

The far - right politician reportedly wants France to dump the euro and adopt a new version of the French franc, which hasn't been used as legal currency since 2002.

Among the factors which may have contributed to this rise were the European sovereign - debt crisis — particularly the 2012 — 2013 Cypriot financial crisis — statements by FinCEN improving the currency's legal standing and rising media and Internet interest.

2 stating «Bitcoin and other virtual currencies are distinct from «real» currencies, which are the coin and paper money of the United States or another country that are designated as legal tender, circulate, and are customarily used and accepted as a medium of exchange in the country of issuance.»

The announcement follows up the recent announcement of the Blockchain Alliance, when a wide variety of leading bitcoin start - ups have formed a partnership, meant to create the Alliance, which aims to help bitcoin start - ups, but also discuss regulatory policies alongside with legal matters that concern digital currencies with state institutions and banks.

Russian president Vladimir Putin publicly said cryptocurrencies had «serious risks,» and yet he just called for the development of a new digital currency, the «cryptoruble,» which will be used as legal tender throughout the federation.

There is an explicit clause that has been inserted into the regulation with legal effect, effectively representing Britain's position, which essentially says no action, proposal or policy of the European Central Bank should directly or indirectly discriminate against any member state or group of member states in any currency, in effect.

Additional risks of emerging markets securities may include: greater social, economic and political uncertainty and instability; more substantial governmental involvement in the economy; less governmental supervision and regulation; unavailability of currency hedging techniques; companies that are newly organized and small; differences in auditing and financial reporting standards, which may result in unavailability of material information about issuers; and less developed legal systems.

QL and ecarswell are tools which, in my view, are necessary for currency and completeness and, when used in as part of an informed, strategic approach to proper legal research, are there to complement print legal research (not as a replacement or even supplement).

Also, one other point is that as lawyers and vendors work more closely with smart contracts on a blockchain such as Ethereum, which may involve a token with a currency value, such as Ether for example, then opening up to «retail» payments in digital currencies may become part and parcel of doing business in the legal sector.

He raises one issue that seems to me particularly important to those who promote the use of digital currencies in commercial exchanges: the transfer of control of units of Bitcoin (or equivalent) does not at law discharge the legal obligation for which it is transferred.

Barclays has faced intense public scrutiny in recent years: from the Serious Fraud Office's investigation into the bank's # 12bn fundraising at the height of the financial crisis, which resulted in criminal charges against the bank and former executives relating to a # 2.3 bn loan Barclays provided to Qatar, a multibillion - dollar legal battle with the US Department of Justice over allegedly - fraudulent mortgages and a New York currency trading probe that ended in a $ 150m settlement.

In 2017, the TransferWise legal team was involved as the company rolled out borderless accounts, which allow customers to pay and receive different currencies at a fraction of the cost of traditional high - street banks.

In May 2013, Hansen established the first legal blockchain practice, which now has over 40 lawyers advising on blockchain in areas such as digital currencies, capital markets and distributed applications.

With the recent increase in value of digital assets such as bitcoin, Ether, and Monero, it is not surprising that criminal hackers and rogue states are looking for ways to acquire these currencies, which they can use anonymously for various legal and illegal purposes.

Unlike illegal, counterfeit money, which is a blatant example of a «currency» that misrepresents itself as legal tender, Bitcoin is entirely different.

Dominique Bourrinet, Legal Director at Société Générale group, and Etienne Mauret, responsible for the payment methods and banking products, published an article about the legal status of bitcoin currency in which they argue that international regulation is needed for the digital currLegal Director at Société Générale group, and Etienne Mauret, responsible for the payment methods and banking products, published an article about the legal status of bitcoin currency in which they argue that international regulation is needed for the digital currlegal status of bitcoin currency in which they argue that international regulation is needed for the digital currency.

The decision to propose traceable activity within India's domestic exchanges follows a statement from the country's Finance Minister from earlier this month, in which he said that cryptocurrencies aren't legal tender there (to be clear, no currency except the Indian Rupee is a legal tender in the country), and that there will be a crackdown on the use of virtual currencies in financing illegitimate activities.

Official legislation only acknowledges notes and coins issued by the Bank of Canada as legal tender, which automatically excludes digital currency.

The tokens or «cryptocurrencies» that are distributed during the token fundraising are not issued by the monetary authority, which has no legal property as fiat currency does and can not circulate in the monetary market.

Mentions of «cryptocurrency» (digital currencies not tied to any country's legal tender) and related terms including «bitcoin» and «ethereum» (the two most popular cryptocurrencies), «blockchain» (the technology underlying these currencies), and «initial coin offering» (or ICO, which lets companies raise capital through the creation of a new cryptocurrency) have skyrocketed over the last seven years, according to data from Sentieo, a financial research firm.

As per the new document, Germany will impart a legal status to Bitcoin which is similar to the ones extended to fiat currencies.

Along the same lines, Deloitte's seventh Technology Trends report featured a short analysis by Brian Forde, Director of digital currency at MIT Media Lab, who emphasised the role of cryptocurrencies as facilitators of monetary and legal transactions without third parties and stated that «in fact, similar to the Internet, which exponentially increased communication by reducing cost and friction to near zero, cryptocurrencies have the potential to exponentially increase transactions for the same reasons.»

This has created a vacuum which can be filled only when the Indian policymakers come out with their own virtual currency form which will follow the legal route to be given the title of a fiat cryptocurrency.

Sputnik: The Russia government has discussed the idea to introduce the so - called «CryptoRuble,» which would be the only legal digital currency in Russia and would be taxed just like the Russian ruble.

In India, Finance Minister Arun Jaitley's clear statement that digital currencies would not be accepted as legal tender in the country helped throw a wet blanket on cryptocurrency enthusiasm in the country — which has served as a FUD (Fear, Uncertainty, and Doubt) hotspot at times.

It gained legal recognition in Japan starting April 1, this year, which means that the currency could in the future gain global recognition as more countries adapt it.

The release further points to an earlier 2014 analysis by the agency, which stated that bitcoin is neither regulated nor a legal currency.

Its Q&A section includes a number of questions related to the legal and economic aspects of cryptocurrencies, which highlight the risks related to investing in what the website calls «virtual» currencies.

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».

Utilize expert skills in negotiating the Utah Virtual Currency Act, which build upon the Utah Legal Tender Act of 2011, Block Chain Technology Legislation, and Banking Regulatory Compliance Policies.