Sentences with phrase «legal tender value»

This beautiful gold coin carries a legal tender value of 100 Australian Dollars.

From 2007 - 2009 and also again in 2011 the Royal Canadian Mint also put out a.99999 Canadian Gold Maple Leaf with a legal tender value of 200 dollars.

Not exact matches

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.

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.

The bill defines virtual currency as «a digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value but does not have legal tender status as recognized by the United States government.»

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.»

This is a natural response from governments to a new medium of exchange, which could end up competing with their own legal tender, commodities and other assets as a store of value and alternative method... Read more»

However, bitcoin can not be placed in the same category since it is not legal tender and has very few uses outside its trading zone, thereby making investors holding the currency that has zero value extremely vulnerable to potential risks.

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.

Digital currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections;

«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.

The proposal defines «virtual currencies» as a digital representation of value that can be digitally transferred, stored or traded and accepted by natural or legal persons as a medium of exchange, but does not have legal tender status.

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.

Cash is a socially and legally (legal tender laws) supported medium of exchange, store of value, and unit of account, not a debt instrument.

Plans to introduce best value tendering (BVT) for criminal defence services in October have been scrapped by the Legal Services Commission (LSC) following fierce opposition from stakeholders.

Two pilots in best value tendering and the introduction of Crown Court Means Testing early next year will be vital in our efforts to keep on top of the criminal legal aid budget.

While the Committee stressed the need for further research into the possible effect of the proposals on the supply of legal help to the most vulnerable, the impact these reforms may have on BME suppliers and the dangers of Best Value Tendering, the Government response has dismissed these worries out of hand, displaying a now familiar caviler attitude to the future of Legallegal help to the most vulnerable, the impact these reforms may have on BME suppliers and the dangers of Best Value Tendering, the Government response has dismissed these worries out of hand, displaying a now familiar caviler attitude to the future of LegalLegal Aid.

If you were fixated with an ideological concern to introduce best value tendering into criminal legal aid then there are areas where you could do it.

Criminal legal aid lawyers face extinction if best value tendering (BVT) is introduced the Law Society says.

A consultation on the principles of best value tendering (BVT) for criminal defence services, and a policy paper — Assuring and Improving Quality in the Reformed Legal Aid System — have been published by the Legal Services Commission (LSC).

The days when clients would pay 500 % of value vanish when they have the option, in small matters and large, to pay far less by finding a lawyer or firm which has done everything it can to promote efficiency in tendering legal services.

If you want evidence of the LSC's inability to deliver, look no further than its two «flagship» policies — CLACs and CLANs (Community Legal Advice Centres and Networks) in civil and best value tendering (BVT) in crime.

Even quality legal aid suppliers might be forced out of the legal aid market on grounds of the income reduction expected in the transitional period before they even had a chance to compete, on the basis not just of price but also on quality in the best value tendering process.

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.

Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status.

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.

It is a store of value and a medium of exchange, but it is not considered legal tender in any U.S. jurisdiction.

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, and accounts and value balances are not subject to consumer protections.

The law defines «virtual currencies» as any type of digital representation of value that is used as a medium of exchange, unit of account or store of value, and is not recognized as legal tender by the United States government.

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.

It differs from digital coins in that it's regulated and legal tender by a government, so its value typically relies on the market of supply and demand.

Rumors of cryptocurrency being accepted as legal tender offered a temporary reprieve from the month's freefalling market value.

``... A digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value but does not have legal tender status as recognized by the United States government.»

«Cryptocurrencies aren't legal tenders and don't have assets to back up their value... Some people say they should be described

It attains its value from government decree so that it can be legal tender.

«Bitcoin fans argue that it qualifies as a currency under these criteria: most importantly, it's something that parties can agree to accept as legal tender and a store of value.