Sentences with phrase «not real currency»

Besides, bitcoin is not a real currency for it is not issued by the central bank.

PayPal president David Marcus has predicted that bitcoin could double its value over the next year as it continues to prosper as an investment asset but insists that the cryptocurrency is not a real currency.

The head of Britain's financial market regulator said on Friday that bitcoin is not a real currency and warned people could lose all their money if they invest.

One of the arguments often used to justify skins gambling is that virtual items aren't a real currency and thus aren't subject to traditional gaming laws.

Not exact matches

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.»

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

The definition of a money transmitter does not differentiate between real currencies and convertible virtual currencies.

3 In contrast to real currency, «virtual» currency is a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency.

«I read somewhere that bitcoin wouldn't be a real currency until people could purchase food with it.

Nor is it pegged to any real - world currency, which it resembles in that it can be used to purchase real - world goods and services, not just virtual ones.

«Private digital tokens masquerading as currencies must not subvert this trust,» the BIS chief declared, in part because they could threaten to impact the «real value» of money.

This is a virtual one, and the government doesn't recognize it as a real currency, where they do, is often associated with illegal activity, such as purchasing items on the Dark Web.

It don't matter if the Govt recognizes Bitcoin as currency or not, they have real money value and stealing them is a crime.

«Their small size, and the fact that they are not substitutes for currency and with very limited use for real economy and financial transactions, has meant the linkages to the rest of the financial system are limited.»

Only a bubble in counterfeit currency, not real money.

Quantitative easing subsidizes U.S. capital flight, pushing up non-dollar currency exchange rates Quantitative easing may not have set out to disrupt the global trade and financial system or start a round of currency speculation, but that is the result of the Fed's decision in 2008 to keep unpayably high debts from defaulting by re-inflating U.S. real estate and financial markets.

If they are to succeed — not only as a fringe medium of exchange or speculative investment, but as real competitors with government currencies — some new programmers are going to have to come along and make currencies whose digital coins are created in a much different manner than the current ones.

Also, I think you are aware that fiat currencies doesn't have any tangible backing in real assets like gold and silver.

While virtual currencies do not have legal tender status in any jurisdiction, they operate like «real» currency in that they are accepted as a medium of exchange.

«Whereas I said Bitcoin «isn't real» because it has no intrinsic or underlying value, that's certainly true of the dollar and other fiat currencies: there's nothing behind them either.

«But if governments continue to just print money like crazy, devaluing the currencies all around the world, people are figuring it out real quick — with bitcoin that sort of thing can't happen and people are going to just flood to want to use bitcoin instead of dollars or euros or yen.»

We're living in a world that's quite close to real war, not just «currency wars.»

Virtual currency is a form of electronic money, not issued by any monetary authority, but which has an equivalent value in real money.

Our company for example promotes a centralized digital currency, that is not based on math but on productivity on the web and accounted / audited by real people and administrators.

If not, how can anyone else but Abra make sure your Private Digital Currency can be cashed in the real world?

In some environments, it operates like «real» currency... but it does not have legal tender status [in the U.S.].

To make digital currency useful to «cash consumers» digital currency should: be transferable to any phone number in the world, not represent exchange rate risk, be as private as real cash, have no costs for money transfer, and be fungible to real paper - cash at very low cost 24 hours a day, 7 days a week.

Modern Monetary Theory (in fact a rediscovery and updating of Functional Finance) holds that our limits are real resources and inflation not lack of money, for the issuer of a free - floating fiat currency.

Yes, there are not real hard currencies, but...

The notes from the Federal Markets Open Committee on Wednesday caused a real retracement in the dollar across several currencies, the like of which has not been seen in several months.

Don't get swindled by counterfitters or people unknowingly carrying fake money, look out for these security features to know the money in your hands is real, official, legal United States currency.

So if we started to get inflation that's going to create a real problem for the central banks because they won't be able to emit in the quantities of currency they've been emitting because that will fuel inflation and inflation of course destroys capital, it destroys the savings, it destroys the purchasing power of wages and people actually have less money to spend, less purchasing power.

The world sits back and lets the Swiss central bank actively be a currency interventionist, but the Swiss are smart enough to understand that they don't want to just hold everybody else's currency; they are buying real assets through their process of intervention.

Albeit in footnotes, but perhaps most significantly, the Coinflip case put the CFTC on record as concluding that Bitcoin, while a commodity, is not a currency.6 In summarizing the facts of the case, the CFTC explained that Bitcoin is «distinct from «real currencies»» of the United States or another country.7 In addition, the CFTC Order in the Coinflip settlement specifically noted that the Bitcoin options were not eligible for the CFTC's «trade option exemption» in CFTC Rule 32.3.8 Since the CFTC's trade option exemption can only be claimed for an option that would result in delivery of an «exempt» or agricultural commodity, this violation in effect serves as the CFTC's finding that it will not treat Bitcoin as a currency.

For example, if Bitcoin is not a currency, then Bitcoin forwards and Bitcoin swaps that involve the exchange of Bitcoin for another currency will not fall under the statutory definitions of the more lightly regulated foreign exchange forwards or foreign exchange swaps.10 Likewise, retail trading of Bitcoin derivatives will be limited to designated contract markets, rather than subject to the retail foreign exchange dealer regulations.11 Treating Bitcoin as a commodity that is not a currency dovetails with the stances taken by other U.S. regulators such as the Financial Crimes Enforcement Network (FinCEN)(virtual currency does not have all of the attributes of real currency) 12, the Securities and Exchange Commission (Bitcoin investments are investment contracts because Bitcoin is a form of money) 13 and the Internal Revenue Service (treating Bitcoin as property for tax purposes).14

So the real risk is that policymakers don't understand how their own fiat currency works.

Among the currencies in my quantitative analysis the Turkish lira, the Indian rupee, the Indonesian rupiah and the Brazilian real can not be traded with Interactive Brokers.

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Certain Shareholders (including broker - dealers, traders, banks and other financial institutions, insurance companies, real estate investment trusts, tax - exempt entities, Shareholders whose functional currency is not the US dollar or other investors with special circumstances) may be subject to special rules not discussed below.

The way it works is we can send real world items such as money or any kind of value or asset digitally from our phones and computers over a peer to peer network with no need for a financial infrastructure so no fees and no controlling powers saying what we can and can't be done with the currency we earn.

But to the extent that it ignores the finger Lincoln points at the Civil War — to the extent that it forgets the decimation of a generation of young Americans at the beginnings of manhood; to the extent that it forgets the windrows of corpses at Shiloh, the odor of death in the Wilderness, the walking skeletons of Andersonville, 623,000 dead all told, not to mention the interminable list of those crippled, orphaned, and widowed whose pensions became the single largest bill paid by the federal government for the following half - century; to the extent that it ignores how the war cost the United States $ 6.6 billion, rocketed the national debt from $ 65 million to $ 2.7 billion, retarded commodity growth for the next thirty years, and devalued its currency — then the call for reparations opens itself up to a charge of willful forgetfulness so massive that resentment, anger, and bitterness, rather than justice, will (I fear) be its real legacy.

Psychologically, this will give the population a direct illustration of the fact that fiat currency is not actually something real.

Having physical cash available creates a psychological effect, a perception that fiat currency is something real, and not just something created by the government.

The real currency of elections, after all, is not votes, but seats.

Facebook isn't in the lending game yet, but it does have its own virtual currency, Facebook Credits, which can be used to buy a variety of virtual items and even some real - world goods.

Considering how widespread the lootbox system has become, appearing even in single player games like Middle Earth: Shadow of War and Assassin's Creed: Origins (though in the latter they can only be bought with in - game currency, not real money, and are thus an example of lootboxes done right) and continuing to be popular across multiplayer titles like Overwatch and Rainbow 6: Siege, it's not a far - fetched assumption that Take - Two was planning something similar for Red Dead Online.

While the specifics of everything here won't be identical in the Animal Crossing mobile game, we're able to get a general sense of what to expect in terms of both how currency is distributed (about half and half between activity in the game or daily bonuses), the amount of value that a 100 % free player can receive every month (about $ 15 US dollars or so), and what a player can expect to pay in either time or real - world money for in - game items.

While I'm not as outraged as many in the gaming community, I understand why they believe the amount of unlockable content is unreasonable and simply implemented to encourage players to use real - life currency to unlock content (although EA has currently temporarily disabled microtransactions).

Amazon introduced Amazon coins as alters the buyer's mindset; they are led to believe they are spending virtual currency and not real dollars.

If you don't want to wait for Peter to play Pirate, you can use real - world cash to buy premium currency or «clams» to make everyone almost instantaneously finish what they're doing.