Sentences with phrase «made legal tender»
On February 25, 1862, the Greenbacks were made legal tender for all public and private debts, replacing the Treasury notes that had been redeemable in coin since 1812.
http://michael-hudson.com/ Not exact matches
It makes note that virtual currencies are not issued through a monetary authority and, as such, lack the characteristics of legal tender, so they can not be circulated as currency.
I'm not saying what Kim done was right, the point I'm trying to make are to make these currencies a nationwide legal tender if we're going after those who steals it.
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.
«As part of the new Regulations, an official joint announcement will be released during the upcoming PBOC press conference making it clear that neither the People's Bank of China nor the Hong Kong Monetary Authority recognises Bitcoin or any other virtual currency as legal tender, thus, making its use as an official currency to settle debts and financial obligations illegal.
Venezuela's president just officially made it «legal tender,» meaning it can be used the same way as cash and is accepted as payment by the government.
Japan just on April 1st made Bitcoin legal tender, you know as good as the yen in the country, so think of that impact.
And you've even got countries like Australia slated this summer to make Bitcoin and other cryptocurrencies legal tender.
The Risk Alert Notice further stated that «[i] n the case of Lianke issued by Xunlei... the issuing company in effect substitutes Lianke for the duty to pay back project contributors with legal tender, making it essentially a financing activity and a form of disguised ICO.»
We should scrap the legal tender laws and let people make deals in any currency they want — including ones created by private companies.
«Parliament returns for a busy fortnight before conference season Main Douglas Carswell introduces his bill to make different currencies legal tender»
Today, Douglas Carswell introduces a Bill designed to make a range of different currencies legal tender in the UK.
«Douglas Carswell introduces his bill to make different currencies legal tender Main The senior Tories who backed Dorries / Field yesterday - including Cameron's PPS»
Continue reading «Douglas Carswell introduces his bill to make different currencies legal tender»»
Weeks or months prior to the sale date, a list of tax sale properties is made public along with the property's legal description and the minimum tender amount (also known as the Cancellation Price).
The South African Revenue Service (SARS) released a statement today, April 6, 2018, making it clear that, even though the country does not consider cryptocurrencies legal tender, you still have to pay taxes on the gains.
Many have been reluctant to work with startups that use bitcoin technology in the past, but as the FCA announced it is OK with its licensed payment companies using bitcoin technology and Japan making bitcoin legal tender igniting a boom of investment from Japanese financial institutions, the global trend must also now reach African banks and MNOs.»
Kalra's point is an oft - repeated one in the industry, that excluding cryptocurrencies as «legal tender» doesn't necessarily make their trade and usage illegal.
A further distinction needs to be made between regulation of the cryptocurrency itself (is it a commodity or a currency, is it legal tender?)
Finance Minister of India, Shri Arun Jaitley, also made it clear that, «At present, the Government of India does not recognises cryptocurrencies such as Bitcoin as legal tender».
This week saw officials in India indicate that they will be introducing regulations to completely eliminate payments with cryptocurrency in their country, and they made it official that India does not recognize Bitcoin as a legal tender.
It made digital currencies legal tender in April last year and enjoys a free and unfettered crypto trading environment.
To make things worse for an already volatile market, India's finance minister Arun Jaitley, also said that the country's government «does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto assets in financing illegitimate activities or as part of the payment system.»
«During question hour in Rajya Sabha on Jan. 2, 2018, the Finance Minister had made the exact same point, where he stated that, «Bitcoins or such cryptocurrencies are not legal tender.»
Even though many governments like that of United States isn't ready to recognize virtual currency as legal tender or currency, they realize there are profits to be made around the crypto market.
South Africa has joined a growing list of countries that expect citizens to pay income tax on their cryptocurrency earnings.The South African Revenue Service (SARS) released a statement today, April 6, 2018, making it clear that, even though the country does not consider cryptocurrencies legal tender, you still have to pay taxes on the gains.
In January 2018 the Indian Finance minister, Arun Jaitley, made it clear once more that bitcoin and other cryptocurrencies will not be treated as legal tenders.
In April, the Japanese government enacted a new law, which effectively made bitcoin a legal tender.
The incertitude actually lies in the fact that the statement does not make clear whether bitcoin is actually prohibited in a wider sense or it is not an officially recognized currency in the country of Zimbabwe, that is to say it is not a legal tender for transaction of business.
A bill has been submitted to the Russian parliament to make the country's national «cryptocurrency,» the cryptoruble, legal tender in Russia.
However, the bill specifically does not make Bitcoin legal tender by ``..
Crypto - Not - Currency In his annual budget speech today, Union Finance Minister Arun Jaitley once again made clear the government's intention to halt the use of Bitcoin and other cryptocurrencies in India, claiming the South Asian country does not recognize digital currency as legal tender.