Sentences with phrase «not legal tender»

The Abu Dhabi Global Market acknowledges the global demand for digital currencies, stating that: «virtual currencies, although not legal tender, are gaining interests globally as a medium of exchange for goods and services.»

Bitcoin does not exist and is not a legal tender.

In the announcement ADGM acknowledges the global demand for digital currencies, stating that «virtual currencies, although not legal tender, are gaining interests globally as a medium of exchange for goods and services.»

And reiterated that «cryptocurrencies are not legal tender, they will not be banned, since it would obstruct blockchain innovation.»

As Arun Jaitley, the finance minister of India, has announced bitcoin and other cryptocurrencies are not legal tender in the country by comparing them to a Ponzi scheme.

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.

MOSCOW (Sputnik)- A draft Russian bill on cryptocurrency and digital tokens sees them as assets, but not legal tender, so they can not be used to pay for goods and services in Russia, according to the information on the law introduced into the parliament.

As previously reported, the measure, as currently written, would clarify that bitcoin and other cryptocurrencies are not legal tender in Mexico.

Also, Jaitley stated that Bitcoin is not a legal tender.

«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.»

But Bitcoin is not a legal tender in anywhere in the world.

Monetary Authority of Singapore again stresses that cryptocurrencies are not legal tender and not backed by any asset or issuer, and advises caution when investing in them.

Bitcoin is not legal tender and it is not backed by the government.

CoinDesk India's finance minister, Arun Jaitley, has said bitcoin is not legal tender in the country and indicated that regulations are under consideration.

In July the Central Bank of Egypt rejected the use of bitcoin locally insisting it was not a legal tender in the country.

«virtual currencies such as bitcoin are not legal tender in Kenya and therefore no legal protection exists in the event that the platform that exchanges or hold the virtual currency fails or goes out of business...»

Both regulatory bodies warned against the usage of digital currencies like bitcoin as it is not a legal tender in the country and any bank or business that would deal or invest in such would do so at their own risk.

Virtual currency is not legal tender, is not backed by the government except in few countries like Japan, and accounts and value balances are not subject to consumer protections.

Due to this fact, the public is informed that virtual currencies such as Bitcoin are not legal tender nor authorized payment instruments to operate in Namibia.

FINRA detailed what it referred to as the «numerous risks» associated with buying, selling and using bitcoin, including that bitcoin is not legal tender in the US.

However, it's not entirely clear from the statement whether Mataruka was saying that bitcoin is not legal tender within Zimbabwe - that is, an officially recognized currency - or actually prohibited more widely.

Back in 2015, the Central Bank of Kenya (CBK) issued a statement that warned against the use of bitcoin saying it was not a legal tender and could be used as a conduit for money laundering and terrorism financing.

The Indian central bank has issued a couple of official warnings on bitcoin, and at the end of 2017 the country's finance minister clarified in an interview that bitcoin is not legal tender.

After allegedly declaring bitcoin illegal, the Bank of Thailand issued a backtracking statement in 2014, clarifying that it is not legal tender (but not technically illegal), and warning of the risks.

The Bank has also repeatedly warned the public that digital currencies are not legal tender in Malaysia and thus not covered by certain conduct standards that are applied to other regulated entities.

questions before Indian parliament, in which he stated that «bitcoins or such cryptocurrencies are not legal tender and those indulging in such transactions are doing it at their own risk.»

On January 2, 2018, Finance Minister Arun Jaitley answered questions before Indian parliament, in which he stated that «bitcoins or such cryptocurrencies are not legal tender and those indulging in such transactions are doing it at their own risk.»

The country's central bank released an initial warning in February and has followed up with repeated statements that bitcoin and other digital currencies are not legal tender or a permitted means of payment in Vietnam.

It said while it has taken notice of recent developments in the use, holding, and trading of virtual or digital currencies (also known as cryptocurrencies), such as Bitcoin in Ghana, it is not legal tender and it is not regulated.

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.

«Bitcoin may not qualify as currency or money as it is not a legal tender for Indian indirect tax laws.

During the budget reading, the minister announced that digital currencies are not legal tender and the increase of their usage for illegal purposes will have to be curbed.

Japan's Financial Services Agency stated that Coincheck's deposit service is exempt from the country's banking regulations as bitcoin is not legal tender.

the Indian parliament, «Bitcoins or such cryptocurrencies are not legal tender and those indulging in such transactions are doing it at their own risk.»

In January 2018, India's Finance Minister Arun Jaitley told the Indian parliament, «Bitcoins or such cryptocurrencies are not legal tender and those indulging in such transactions are doing it at their own risk.»

The Indian Finance minister had earlier declared that the cryptocurrency is not a legal tender.

Digital currency such as Bitcoin is not legal tender.

Foreign gold or silver coins are not legal tender for debts.

A check is not legal tender for debts public and private.

However, they are not legal tender and may not be accepted in many places.

Upon further reflection you spelled it «cheque» which means these coins are not legal tender for you.

It must be emphasised that gold, stocks, bonds, and other such assets are also not legal tender.

Digital currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections;

She mentions it is not legal tender — Your thoughts?

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.

[65] It classified digital currencies and other digital payment systems such as bitcoin as «virtual currencies» because they are not legal tender under any sovereign jurisdiction.

The Judgment C - 264 / 14 declared that bitcoin and cryptocurrencies are VAT exempt as currency, although not legal tender.

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.

The watchdog based its decision on the fact that it does not consider digital currencies to be a substitute for money, as they are not legal tender in the country.

Bitcoin is not legal tender, so it should not be just another revenue stream for the state.