Sentences with phrase «legal tender at»
According to a report by South China Morning Post, Yao Qian, who leads cryptocurrency research for China's central bank, explained the importance of introducing digital legal tender at a forum in Beijing, Saturday.
https://www.coindesk.com/
When you have folks like the [Bank of England], which did a [proof of concept] with us, as well as the Bank of Japan coming out and saying, we are considering this as legal tender at some point — when you see those developments, you can't help but feel that we are on the right path, that interest is going to continue to grow,» Vias said.
The U.S. Treasury said the same thing on the lawfulness of retailers refusing legal tender at point of sale - retailers are allowed to refuse any denomination of U.S. currency:
Not exact matches
At only two pages, the concise bill is not very substantive, save for a brief classification of «virtual currency» as «any type of digital representation of value that; 1) Is used as a medium of exchange, unit of account or store or value; and 2) Is not recognized as legal tender by the United States government.»
«It is not a stable source of value, and it doesn't constitute legal tender,» she told reporters at her last press conference as leader of the central bank.
There exists a new upper class that's completely disconnected from the average white American and American culture at large The old «round pound» has ceased to be legal tender - here's what to do if you have any left
Told with the charm and innocence of a child, Millions looks at the effect large sums of legal tender can have on people, both the givers and receivers.
Heathrow Airport Holdings is set to kick off a tender process to appoint external legal advisers, after it was cleared to push ahead with plans to bring the third runway at Heathrow Airport into operation.
However, tendering a written argument at the hearing is neither an alternative to, nor a substitute for, setting out the «Legal Basis» in a notice of application or an application response in accordance with what the Rules and the case law require.
Fortunately, such were the problems with the duty tenders, at least for this Parliament competitive tendering for criminal legal aid is unlikely to be resurrected, but a further clash with criminal legal aid firms is on the horizon.
A slight digression: it was interesting to read in the Legal Action Group's (LAG's) Austerity Justice book that the coalition government dropped plans to introduce competitive tendering because, as LAG director Steve Hynes tells it, Ken Clarke was persuaded by «his old colleagues at the criminal bar».
Concerns about Lord Carter's proposals to reduce the # 2bn legal aid budget and introduce price - competitive tendering will also be discussed by society members at a special general neeting on legal aid on 17 January, after Southampton solicitor, Roger Peach, rallied support for direct action.
In January 2018, India's Finance Minister Arun Jaitley told the Indian parliament, «Bitcoins or such cryptocurrencies are not legal tender and those indulging in such transactions are doing it at their own risk.»
the Indian parliament, «Bitcoins or such cryptocurrencies are not legal tender and those indulging in such transactions are doing it at their own risk.»
«Not being legal tender is not the same as it being illegal,» explained Rishabh Sinha, a counsel at law firm TRA.
On Nov. 30, 2017, when investor frenzy was at a high with rising bitcoin prices, finance minister Arun Jaitley said the country doesn't recognise cryptocurrencies as legal tender.
Looking at Japan other countries are also starting to recognize Bitcoin as a legal tender of money.
not calling it a legal tender doesn't worry us [Coinsecure] at all.
The lead cryptocurrency researcher at the People's Bank of China has said it is «crucial» to issue digital legal tender as soon as possible.
On January 2, 2018, Finance Minister Arun Jaitley answered questions before Indian parliament, in which he stated that «bitcoins or such cryptocurrencies are not legal tender and those indulging in such transactions are doing it at their own risk.»
questions before Indian parliament, in which he stated that «bitcoins or such cryptocurrencies are not legal tender and those indulging in such transactions are doing it at their own risk.»
Finance Minister of India, Shri Arun Jaitley, also made it clear that, «At present, the Government of India does not recognises cryptocurrencies such as Bitcoin as legal tender».
The Indian central bank has issued a couple of official warnings on bitcoin, and at the end of 2017 the country's finance minister clarified in an interview that bitcoin is not legal tender.
The governor of the Bank of Ghana, Dr. Ernest Addison, stated on January 22, 2018, that «Bitcoin is not yet legal tender» at a media briefing.
«In addition to the bank not recognizing virtual currencies as legal tender in Namibia, it also does not recognize it to be a foreign currency that can be exchanged for local currency,» officials said at the time.
Although Bitcoin is referred to as a «currency», it is not issued by a monetary authority and does not have the legal tender status of a currency, so it is not at all money in the true sense.
Still this negative portrayal of bitcoin trading shows that, at least in the short run, bitcoin in China will have difficulty gaining legal tender status as a payment tool, as opposed to the acceptance that it is seeing in Japan.
Both regulatory bodies warned against the usage of digital currencies like bitcoin as it is not a legal tender in the country and any bank or business that would deal or invest in such would do so at their own risk.
They also point out that at present no jurisdiction recognizes Bitcoin as legal tender.
He once said in 2013 that, he likes the fact that cryptocurrencies are freely available to all people, although they will not be accepted as legal tender in China, at least not anytime soon.
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.
The keyed payment amount of legal tender documents with precision in order to endorse payments that were to be processed at the Federal Reserve.