Sentences with phrase «legal tender for»

The incertitude actually lies in the fact that the statement does not make clear whether bitcoin is actually prohibited in a wider sense or it is not an officially recognized currency in the country of Zimbabwe, that is to say it is not a legal tender for transaction of business.

As bitcoin struggles to find its place as a legal tender for business transactions in many countries, director and registrar of the Reserve Bank of Zimbabwe, Zimbabwe's Central Bank, Norman Mataruka has raised more doubts about the cryptocurrency's authenticity in the country by an official statement released earlier this week.

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.

Y - combinator Israeli fintech startup Neema is partnering with the Republic of the Marshall Islands (RMI) to issue a new cryptocurrency that will act as legal tender for the sovereign nation.

(RMI) to issue a new cryptocurrency that will act as legal tender for the sovereign nation.

«Bitcoin may not qualify as currency or money as it is not a legal tender for Indian indirect tax laws.

I've no doubt that we'll see some new handsets, and there will be a small injection of interest with Windows 10, but none of that will change the underlying problem facing the platform, which quite simply is a severe lack of people willing to exchange legal tender for Windows Phone devices.

Title 31 (Money and Finance), Subtitle IV (Money), Chapter 51 (Coins and Currency), Subchapter I (Monetary System), Section 5103 (Legal Tender) of the United States Code states: United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public...

Foreign gold or silver coins are not legal tender for debts.

Cash is legal tender for all debts public and private which means the university can not refuse.

Yes, U.S. currency of any denomination is «legal tender FOR ALL DEBTS, public and private.»

A check is not legal tender for debts public and private.

would not be surprised even if treasuries become legal tender for debt settlement.

Upon further reflection you spelled it «cheque» which means these coins are not legal tender for you.

Soon, Banque Générale had issued vast quantities of bank notes even though they did not have an equivalent amount of gold and silver - based legal tender for everyone who eventually wished to redeem their notes.

On February 25, 1862, the Greenbacks were made legal tender for all public and private debts, replacing the Treasury notes that had been redeemable in coin since 1812.

All accept dollars because the U.S. government declares those to be «legal tender for all debts public and private.»

In order for bitcoin to be a real currency, Adeney claims, it must be three things: easy and frictionless for trading between people, widely accepted as a legal tender for all debts (both public and private) and stable in terms of value.

University of Nicosia in Cyprus announced today that it will accept the digital - only currency as legal tender for tuition and fees.

Not exact matches

She asked them to consider a safe harbor for virtual currency startups, and to consider only regulating exchanges that change so - called fiat currencies — or legal tender that's not backed by physical commodities like gold — into virtual ones.

Sweden could eventually «reach a situation where legal tender is no longer an efficient medium of exchange for commercial transactions and that it is a situation that no other country has been in before,» Skingsley said.

«From the date of release of this Notice, any so - called platform that provide trading and exchange services for coin offering shall not engage in exchange businesses between legal tender and token or «virtual currency»; or engage in proprietary trading activities or trading as an central counterparty of tokens or «virtual currencies»; or provide pricing services or act as information intermediary for tokens or «virtual currencies.»»

The company would have to file a notice with the regulatory department; pay a registration fee of $ 250; provide evidence of registration with FinCEN as a money services business; agree to not invest or pledge virtual currency in its custody or control on behalf of others or to engage in the exchange or transfer of legal tender; and prove its policies for reporting, disclosures, and compliance.

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.»

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.

Bitcoin is not legal tender, so it should not be just another revenue stream for the state.

The watchdog based its decision on the fact that it does not consider digital currencies to be a substitute for money, as they are not legal tender in the country.

Finance minister going all out against Bitcoin and other cryptocurrencies is definitely a reason for grave concern for the Indian cryptocurrency investors as he said that the government does not consider these virtual currencies as a legal tender.

For small business owners contemplating adding alternative payment solutions to their menu of legal tender, consider these tips: Don't be intimidated Just because the payment solution you're offering is not the tried - and - true standard exemplified by cash or credit, that doesn't mean its implementation will be difficult.

On 5 December 2013, the People's Bank of China announced in a press release regarding bitcoin regulation that whilst individuals in China are permitted to freely trade and exchange bitcoins as a commodity, it is prohibited for Chinese financial banks to operate using bitcoins or for bitcoins to be used as legal tender currency, and that entities dealing with bitcoins must track and report suspicious activity to prevent money laundering.

The Risk Alert Notice further stated that «[i] n the case of Lianke issued by Xunlei... the issuing company in effect substitutes Lianke for the duty to pay back project contributors with legal tender, making it essentially a financing activity and a form of disguised ICO.»

These reserves serve two functions, 1) as backing for the interbank settlements system and 2) to buy cash (legal tender money / currency) from the Fed.

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.

They only assume you are hungry and have legal tender to pay for what you order.

«Parliament returns for a busy fortnight before conference season Main Douglas Carswell introduces his bill to make different currencies legal tender»

«Mr Douglas Carswell (Clacton)(Con): I beg to move, That leave be given to bring in a Bill to amend the Currency and Banknotes Act 1954 to allow banknotes in addition to those issued by the Bank of England to be legal tender; and for connected purposes.

-LSB-...] all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor.

As well, only legal - tender coins produced by the Royal Canadian Mint are eligible for RRSP gold investing.

In fact, the return of capital via a tender offer should also provide further reassurance: Shareholders could be unfairly penalised if they accepted a tender offer based on incomplete info, and / or an NAV per share that did not represent market values for all assets (& liabilities)-- potentially exposing the board / company to legal action.

Treasury notes had full legal tender status and were not convertible into gold through the Bank; they replaced the gold coin in circulation to prevent a run on sterling and to enable raw material purchases for armament production.

A new # 1 coin, dubbed the most secure coin in the world, has become legal tender in Britain today, but it won't be in full circulation for a few weeks.

Many important elements of policy support for renewable energy are common across all regions and incomes, including renewable energy targets and action plans, primary legislation and legal private ownership of generation, and financial and regulatory incentives like feed - in tariffs or competitive tenders.

The Law Society is threatening legal action against the Legal Services Commission (LSC) over its plans to introduce tendering for very high cost cases (VHlegal action against the Legal Services Commission (LSC) over its plans to introduce tendering for very high cost cases (VHLegal Services Commission (LSC) over its plans to introduce tendering for very high cost cases (VHCCs).

c) Unless the evidence of a lawyer is being tendered as expert testimony on the motion, it is not appropriate for an affidavit to contain legal opinions or argument.

Steve Hynes takes time out to explain the complexities of the tendering process for legal advice telephone services

The Government has just announced that it plans to bring forward to April 2013 its consultation on introducing competitive tendering for criminal legal aid work.

The proposals, if implemented, will have the effect that many migrants and prisoners will no longer be eligible for legal aid; access to judicial review will be restricted; contracts for criminal work will be the subject of competitive tendering; and fees paid to legal aid solicitors and barristers will be reduced, by more than 50 % in some instances.

The subject of the meeting will be competitive tendering (BVT) for criminal legal aid contracts.

In October 2015, the Legal Aid Agency considered all the tenders that had been submitted for criminal legal aid duty contrLegal Aid Agency considered all the tenders that had been submitted for criminal legal aid duty contrlegal aid duty contracts.

It's going to discuss the outcome of the criminal legal aid tender as well as hearing from the director of Rights of Women about the domestic violence evidence criteria for legal aid.