Sentences with phrase «money as the currency»

Growing up, I understood money as the currency of control.

Not exact matches

As Ryan Selkis of the Digital Currency Group tweeted, blockchain is friendlier to business and innovation («I want to make money / follow rules») while bitcoin suggests obsession and perhaps delusion («I'm fighting a holy war»).

Back in 2014, he wrote a Financial Times op - ed in which he criticized the virtual currency for being «unsuitable as a means of exchange» and said it was only attractive for two reasons: anonymity — as desired by money launderers and tax evaders — and speculation.

But the company will benefit from the fund's decision to use XRP, in part because it controls large reserves of the currency (which may get a price boost from Arrington's announcement) and because the move may burnish Ripple's reputation as a money transfer platform.

Either outcome — proof that Bitcoin can't work as a currency, or proof that it can — could suck speculative money out of Bitcoin and precipitate a painful crash.

Bitcoin has soared more than 1,600 percent this year as people rush to buy the digital currency in the hope it will become a legitimate alternative to gold or traditional money.

Last year, it said Bitcoin businesses, which included exchanges that turn national currencies into Bitcoin, should be classified as money transmitters.

Although Bernanke denies it, the Fed's money - printing naturally depressed the value of the greenback against other important currencies, such as the euro and yen.

In a leaked white paper, Telegram described plans to raise a large amount of money by selling a currency called «Gram,» which would serve as a payment companion to its messaging service.

As a result, says Gordon, «paper money currencies of the world are all collapsing and will fail.»

As alarm grows that the digital currency is being used by money - launderers, drug traffickers and terrorists.

But as I live in the real world, I buy gold, even though I am optimistic we'll get through this rough patch; because I simply don't trust the bas * % * ds who are driving this ship with 100 % of my money in dollars, or any fiat currency, for that matter.»

Expect 2018 to be crazier than 2017 as more and more institutional money pours into the virtual currency.

True to its origins as an open, decentralized currency, bitcoin is meant to be a quicker, cheaper, and more reliable form of payment than money tied to individual countries.

Although the lack of jurisdiction over Bitcoin and its links to money laundering and illicit marketplaces have raised more than a few eyebrows, the currency offers a simple way for legitimate businesses such as small retailers and professional service providers to accept payments for international sales without facing onerous credit card fees or exchange - rate surcharges.

Digital currencies such as Bitcoin are making money transfer more affordable and seamless.

The European Court of Justice ruled the virtual currency can be treated in the same way as traditional money.

The operation became known in the market as «money printing,» though it didn't involve the physical creation of new currency.

It's being billed as the first mainstream service allowing consumers to buy and sell bitcoin, the virtual currency used as an alternative to traditional money systems.

The Dec. 20 sentencing of Charlie Shrem, one of the digital currency's most vocal cheerleaders as vice-chairman of the Bitcoin Foundation and chief executive of an exchange called BitInstant, to two years in prison for illegal money transfers doesn't help.

Here's one of the more challenging parts of this to grasp: when we're talking about digital currency such as Bitcoin, there's no repository of coins — that line item in the record book is the money.

When it decides to peg the value of the currency, it has no choice but to accumulate or lose reserves, as the impossible trinity ensures that money supply rises or falls to match supply and demand in the market in which RMB and USD are exchanged.

Virtual currency exchanges allow their customers to trade virtual currencies — usually for other virtual currencies, but also for other assets such as fiat money.

Some may accept credit card payments, wire transfers, postal money orders, or other forms of payment (such as another virtual currency), in exchange for Ether or other virtual currencies.

The banking giant anticipates its virtual currency, which will be sent and received via a mobile app, to function as a vehicle for near - instantaneous P2P money transfers and payments at affiliated stores, according to Japanese outlet Mainichi Newspaper.

Bitcoin is commonly characterized as an alternative currency, but actually the core concept has little to do with money.

Gold has 5000 years of history behind it as currency, blink and you might miss the reversion to the mean of Gold being money again.

Bitcoin: I no longer think it can be defined as a digital currency, but instead as a digital asset we can use to increase the value of our money.

The company would have to file a notice with the regulatory department; pay a registration fee of $ 250; provide evidence of registration with FinCEN as a money services business; agree to not invest or pledge virtual currency in its custody or control on behalf of others or to engage in the exchange or transfer of legal tender; and prove its policies for reporting, disclosures, and compliance.

FinCEN's regulations define currency (also referred to as «real» currency) as «the coin and paper money of the United States or of any other country that [i] is designated as legal tender and that [ii] circulates and [iii] is customarily used and accepted as a medium of exchange in the country of issuance.»

The association names illegal fundraising among the ranks of criminal activities, such as money laundering, drug trafficking, and smuggling, that it links to virtual currency.

While the Money Transmitters Act does make significant strides in enacting a more business - friendly regulatory scheme, it still poses difficulties for virtual currency businesses in North Carolina as there are cumbersome and costly requirements with no reciprocity or provisional licensing opportunities.

For example, the U.S. Treasury Department's FInancial Crimes Enforcement Network (FinCEN), as well as various states, issued guidance to help those aiming to convert U.S. dollars into virtual currency navigate money transmitter laws.

This legislation could particularly benefit virtual currency start - ups and small businesses as they are currently required to fulfill the requirements to obtain a full money transmitter license.

Russian leaders did not realize that dollars or other foreign currencies were only needed to finance balance - of - payments deficits, not domestic spending except as this money was spent on imports.

Beijing is trying to boost domestic liquidity in the hopes that this will generate stronger domestic demand, but expanding liquidity fuels capital outflows, and these put downward pressure on the currency, while increasing PBoC concerns about the monetary impact of money leaving the economy which, as an article in last week's FT argues, might be worse than we think.

Known online as «pirateat40,» Shavers allegedly gained control of as much as 7 percent of the bitcoin market by promising investors up to 7 percent weekly interest, or 3,641 percent annualized, based on his ability to trade the currency, and a promise that money could be withdrawn at any time.

Saving time and money is, of course, especially attractive to MoneyGram, as remittances flow across 120 currencies daily and globally.

The second, HB0070, effectively removes cryptocurrency («utility tokens») from underneath an umbrella of classification that had digital currency pegged as «money» or as a monetary «security.»

Yet, the facts, as laid down in his own Treasury's report had stressed that «risks of digital currency used for money laundering to be relatively low».

An ICO typically involves selling a new digital currency at a discount — or a «token» — as part of a way for a company to raise money.

A «hard - money» philosophy thus has led Russia to pay vast sums of interest to the world's investment bankers for the privilege of printing currency that it could just as well do for itself.

Higher rates would strengthen the U.S. dollar even further, prompting investors to throw more money into the greenback, as opposed to emerging market currencies.

Take a gander at some of the latest stories: Also read: Hullcoin Leads This Week's Digital Currency News KRAKEN It's a week of investments for cryptocurrencies as Bitcoin exchange Kraken received a hefty sum during its Series B stage of financing from Money Partners Group in Tokyo, one of

Bitcoins are a new type of money, known as digital currency, designed for the Internet era.

For examples, in Ancient Byzantium, currency traders also referred to as money - changers, would help citizens in exchanging their... Read more

«Our BOSS Revolution international money transfer business routinely utilizes digital assets to generate liquidity in fiat currencies for our disbursement agents as part of our transaction settlement process,» said Alfredo O'Hagan, senior vice president of IDT's consumer payments business.

There has also been criticism as to the robustness of the Heidelberger currency printer in light of the near - constant requirement to print money 24/7, 365 days a year, and concern as to whether components of the printer have been ethically sourced.

Consumers needed to be told clearly about risks in the virtual currency, such as the fact that transactions are generally irreversible, and that they could lose their money if they hold onto bitcoins for an extended period.

««Virtual currencies» means a digital representation of value that is neither issued by a central bank or a public authority, not attached to a legally established currency, which does not possess the legal status of currency or money, but is accepted by natural or legal persons as a means of exchange or for other purposes, and can be transferred, stored or traded electronically.