Sentences with phrase «legal means of exchange»

The country has already shown its receptiveness towards cryptocurrencies by unveiling laws that recognize bitcoin as legal means of exchange.

A Justice Department official said Nov. 18 Bitcoins can be «legal means of exchange» at a U.S. Senate committee hearing, boosting prospects for wider acceptance of the virtual currency.

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.

Not exact matches

««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.

Consideration is a legal concept meaning something of value that is given in exchange for a performance or a promise to perform.

Also known as consideration or a good faith deposit, an earnest money deposit is a legal concept meaning something of value that is given in exchange for the performance or a promise to perform.

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.

Note the exchange where Ward asks, «Judy, if you were accused of being a fraud in the media, and you asked for a retraction and that person refused, you would not use legal means to try and get a correction?»

Of course, even if the domestic legislative landscape is redrawn to improve protection for data subjects, the increasing frequency of international personal data exchanges, such as the one which led to the loss in the US of the UK learner drivers» data, means that legal reform will ultimately have to reach beyond our domestic borderOf course, even if the domestic legislative landscape is redrawn to improve protection for data subjects, the increasing frequency of international personal data exchanges, such as the one which led to the loss in the US of the UK learner drivers» data, means that legal reform will ultimately have to reach beyond our domestic borderof international personal data exchanges, such as the one which led to the loss in the US of the UK learner drivers» data, means that legal reform will ultimately have to reach beyond our domestic borderof the UK learner drivers» data, means that legal reform will ultimately have to reach beyond our domestic borders.

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They will ensure that our staff can now focus less on admin and more on the legal aspects of conveyancing; meaning our clients exchange and complete faster.

Canadian patent lawyers are inexpensive The currently high U.S. dollar - Canadian dollar exchange rate, coupled with other economic factors in Canadian legal practice, can mean a discount of 50 per cent or more on Canadian patent filings and enforcement.

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».