Sentences with phrase «legal tender status in»

BOK's legal characterization of cryptocurrencies was in line with many countries around the world, including the US where «a cryptocurrency does not have legal tender status in any jurisdiction.»

His views are in line with many countries around the world, including the US where «a cryptocurrency does not have legal tender status in any jurisdiction.»

Bitcoin is definitely not a fiat currency with 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.

«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 particular, virtual currency does not have legal tender status in any jurisdiction.»

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.

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.

It does not have legal tender status in any jurisdiction.

In particular, virtual currency does not have legal tender status in any jurisdiction.

Not exact matches

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

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.

The press release put forth from the PBOC today outlines that there is significant volatility in bitcoin trading, and also quoted from a notice released in 2013 saying that bitcoin is a virtual good and doesn't have legal tender status.

Overall, the public statements aimed to serve as a reminder to citizens who may be considering the digital currency as an investment, and both quoted a government circular released in 2013 saying that bitcoin is a virtual good and doesn't have legal tender status.

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.

In April 2017, the Japanese government and lawmakers gave the digital money the status of legal tender in the countrIn April 2017, the Japanese government and lawmakers gave the digital money the status of legal tender in the countrin the country.