Sentences with phrase «legal tender like»

The word «convertible» expresses the idea that virtual currencies, like Bitcoin, can be exchanged for legal tender like US dollars.

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.

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.

The Mint refused to grant the coin the dignity of becoming a low circulated collectible like its cousin the half - dollar and announced it will begin withdrawing them from circulation in the fall, though the one - cent piece will remain legal tender and retain its value indefinitely.

Russia previously revealed that its central bank was developing a national cryptocurrency and that it would not recognize others like bitcoin as legal tender.

While virtual currencies do not have legal tender status in any jurisdiction, they operate like «real» currency in that they are accepted as a medium of exchange.

In some environments, it operates like «real» currency... but it does not have legal tender status [in the U.S.].

And you've even got countries like Australia slated this summer to make Bitcoin and other cryptocurrencies legal tender.

There may be legal tender laws, but I can tell you that there would be fights over things like this.

Legal tender technically just means that by law it can not be refused as a settlement of debt, so a store can accept any currency it likes — such as euros — if it decided to.

Stick to legal tender or use online services like PayPal.

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 tender document says: «We would like to encourage prospective bidders who are forward thinking, committed to innovation and who are open to alternative ways of delivering our requirement for a full legal service.»

We're keen to test things like law firm convergence, flat fees, value billing, competitive tenders, firm size and reach, and legal project management,» said Jonathan Pearl, Sony Electronics» General Counsel.

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.

In some environments, it operates like «real» currency — i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance — but it does not have legal tender status in any jurisdiction...... Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as «convertible» virtual currency.

Even though many governments like that of United States isn't ready to recognize virtual currency as legal tender or currency,

By not recognising cryptocurrencies as legal tender in India simply means that digital currencies like Bitcoin, Ethereum, etc can not be used to buy / sell goods and services.

The new law defines virtual currencies as «asset - like values,» allowing digital money to be used not only to buy goods and services but also as an alternative for legal tender through purchases and trades.

Virtual currency is not legal tender, is not backed by the government except in few countries like Japan, and accounts and value balances are not subject to consumer protections.

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.

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 some environments, virtual currency operates like «real» currency - i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance - but it does not have legal tender status in any jurisdiction.

In some environments, virtual currency operates like «real» currency — i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance — but it does not have legal tender status in any jurisdiction.

Even though many governments like that of United States isn't ready to recognize virtual currency as legal tender or currency, they realize there are profits to be made around the crypto market.

Other countries like India (that has ruled out cryptocurrency as legal tender) are focused on deciding clear regulation for trading of cryptocurrencies.

Meanwhile, Russian Finance Minister Alexey Moiseev told Bloomberg that Russia hopes to recognize cryptocurrencies like Bitcoin as legal tender by 2018.