Sentences with phrase «national currencies backed»

The General Manager of the place at the time happened to be Shawn Owen, now the founder of the Salt Lending, a firm that supports loans denominated in national currencies backed by blockchain assets including bitcoin.

Not exact matches

New York will remain steadfast in pushing back against federal encroachment efforts like the [Office of the Controller of the Currency's] proposal to impose a one - size - fits - all national bank charter that increases risk and seeks to usurp state sovereignty.»

A digital currency not backed by any national bank as of yet, bitcoin attempts to remove all intermediaries in transactions.

After Monday's launch of the yuan - backed oil futures in Shanghai, there have been negotiation between Russia and China on mutual promotion of oil futures in national currencies, RIA Novosti reported.

And of course then proponents say well there's nothing backing all these national currencies either, there's nothing backing the Dollar, the Yuan, the Yen or the Euro either.

enezuela has offered India a 30 - percent discount on crude oil purchases, but only if India agrees to pay in El Petro, the cryptocurrency that Venezuela is touting as the first national digital currency backed by crude oil reserves.

Tether is a cryptocurrency project focused on providing price stable assets on the Bitcoin blockchain that are pegged to the value of and backed by national currencies.

In chaotic scenes, the other 11 euro members go back to national currencies.

The size of national and global economies was growing faster than the supply of gold, and hence it was becoming impossible to have enough gold to back all the currencies (inflation concerns aside).

Upon returning from your trip, bring any unused currency to any Old National banking center and we'll buy it back!

It was sometime back when it was resolved that the various cryptocurrencies be treated in a similar way to the fiat currencies and of course that is in particular regard to the Specially Designated Nationals.

Today, a national currency is backed by a country's economy, GDP and, as a result, by the confidence of investors.

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[Note: This is a press release] The Dawn of National Cryptocurrencies The concept of regional / local currency dates back to pre-Bitcoin times.

During a discussion on digital currencies back in 2013 the Croatian National Bank reportedly stated that bitcoin was not illegal in the country.

Mastercard Asia - Pacific co-president Ari Sarker has opined that the world's second - biggest payments company would be «very happy to look at» supporting national digital currencies that are issued and backed by central banks.