Sentences with phrase «legitimate means of payment»

This led to the introduction of further legislation which formally recognised Bitcoin, and by extension cryptocurrencies more generally, as a legitimate means of payment.

Not exact matches

Bitcoin got an unexpected endorsement this week - federal authorities signaled they view the digital currency as a legal means of exchange and legitimate payment alternative.

Thus, the use of the scoring matrix which did not give special recognition to 24/7 working or providing special priority payments to those who were excused from 24/7 working for childcare reasons was not a means of achieving the chief constable's legitimate aim.

For starters, the volatility of the currency has led to some legitimate companies refusing to accept it as a means of payment — meaning that they're off - limits to those who only want to pay with cryptocurrency.

«At the same time, the industry believes it would be important to have some guidelines, if not a legislative framework, to make sure that these new means of payments are recognized as a legitimate tool.

This is hurting Bitcoin's claim as a legitimate means of transaction; deterring retailers, customers, and financial institutions from adopting it as a payment method.