Speaking to the Financial Times, Mastercard executive Ari Sarker says that the company is «very happy» to consider helping the use of cryptocurrencies, but only as
long as those virtual currencies are issued by central banks.
The uptrend and the momentum remain intact as
long as the virtual currency trades above the trendline.
Not exact matches
«Not so
long ago, some experts argued that personal computers would never be adopted, and that tablets would only be used
as expensive coffee trays, so I think it may not be wise to dismiss
virtual currencies,» Lagarde said.
«The IRS offers no explanation
as to how the IRS can legitimately use most of these millions of records on hundreds of thousands of users; instead, it claims that
as long as it has submitted a declaration from an IRS agent that the IRS «is conducting an investigation to determine the identity and correct federal income tax liabilities of United States persons who conducted transactions in a
virtual currency during 2013 - 2015» the Court must find that the Summons does not involve an abuse of process.
In contrast, the amended bill allows
virtual currency businesses to operate in California through January 1, 2022, as long as they participate in the State's Digital Currency Business Enrollment Program (Enrollment P
currency businesses to operate in California through January 1, 2022,
as long as they participate in the State's Digital
Currency Business Enrollment Program (Enrollment P
Currency Business Enrollment Program (Enrollment Program).
BitPay has
long been gunning to establish itself
as the largest payment service for people who use
virtual currencies such
as BitCoin.
Similarly, earlier this week, Bank Indonesia expressed that
virtual currencies, including bitcoin, are no
longer recognized
as a legitimate form of payment and are forbidden for use in all financial transactions.
Having been a software developer myself for nearly two decades, I would ask that you allow me to paraphrase Khalaf's remarks: if you sell something using your app (be it
virtual currency or physical merchandise) people will want to buy it, users are loyal but expectations are high (meaning you can create life -
long customers if you support your app, and update it regularly to offer the features and functionality your users demand), and larger devices mean more screen real estate to play with (but not
as much
as tablets can offer, and you don't want to alienate users still stuck in a sub-5-inch-screened world).
He claims that the
virtual currencies are unlikely to survive in the
long term
as governments around
Southeast Asian central bank, Bank Indonesia, warned in January that
virtual currencies, including bitcoin, were no
longer recognized
as a legitimate form of payment and forbidden for use in all financial transactions.
«We have started looking at
virtual currency from a
long - term standpoint,
as central banks could start issuing digital
currencies in the future.
Bitcoins have come a
long way since they were introduced
as a decentralized
virtual currency system in 2009.
The German authorities justified this decision by stating that all
virtual currencies such
as Bitcoin will be considered a legal method of payment
as long as all parties involved in the transaction accept that that cryptocurrency will be used
as a means of payment.
Litecoin —
long touted by its founder
as «the silver to Bitcoin's gold» — is among the most popular
virtual currencies.
Some alternative
currencies have been created in response to a lack of
long - term confidence in monetary methods of exchange; some
as a community hedge against inflation; others merely
as a medium of exchange between members of a physical or
virtual community, among other reasons.»
Long - term future pricing options could be seen
as a vote of confidence for the
virtual currency, potentially paving the way for less market volatility and further increased investment over time.
While no official regulations have passed, the Wisconsin Department of Financial Institutions decided that those companies that have already obtained a license to sell or issue checks or receive fiat
currency for transmissions may also transmit
virtual currency, so
long as they enter an agreement with the division.
Long - term future pricing has been heralded by some investors
as a considerable vote of confidence for
virtual currencies, potentially paving the way for less market volatility and further increased investment over time.
Similarly, South East Asia's Bank Indonesia declared that
virtual currencies, including bitcoin, were no
longer recognized
as a legitimate form of payment and are forbidden for use in all financial transactions.
Similarly, earlier this week, Bank Indonesia expressed that
virtual currencies, including bitcoin, are no
longer recognized
as a legitimate form of payment and are forbidden for use in all financial transactions.
«So - called
virtual currencies (cryptocurrencies such
as Bitcoin) are considered equal to the legal means of payment,
as long as these so - called
virtual currencies have been accepted
as alternative and contractual means of payment by the parties involved in the transaction and have no other purpose than being used
as a means of payment.»
Southeast Asian central bank, Bank Indonesia, has warned that
virtual currencies, including bitcoin, are no
longer recognized
as a legitimate form of payment and are forbidden for use in all financial transactions.
The move came
as part of the
long - running
virtual currency clampdown.