Sentences with phrase «legal tender yet»
They may not be legal tender yet, but they're also not backed by any sort of physical commodity.
https://www.hardassetsalliance.com/ Not exact matches
Since bitcoin is not yet considered legal tender in Germany, employers using PEY will be able to offer bitcoin as a tax - free benefit to their employees.
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.
Many pieces in the collection are not in fact legal tender, yet they function as a means of payment in their mutual acceptance by exchanging parties.
The result of the recent tender round for criminal contracts is not yet known but the Legal Services Commission (LSC) is reporting a good response and is confident of 100 % national coverage for duty schemes.
India has still yet to give it's decision regarding regulation of Bitcoin and it's acceptance as legal tender of money.
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.
Bitcoin does not come under the ambit of currency, legal tender or foreign exchange and the RBI hasn't come up with guidelines on this yet, except for the warning it issued in December 2013.