Sentences with phrase «of payment in the country»

Other executives, including International Monetary Fund chief Christine Lagarde, say virtual currencies should not be dismissed and could have useful applications, such as a means of payment in countries with unstable currencies.

Bitcoin usage in Japan has been huge ever since lawmakers legalized bitcoin as a form of payment in the country back in April of 2017.

The deal, also thought to be the first of its kind in the country, followed legislation in April that effectively recognized bitcoin as a legal method of payment in the country.

Four days have passed since the State Bank of Vietnam had announced that cryptocurrencies are illegal means of payment in the country.

Bank Indonesia governor Agus Martowardojo also said in October that Bitcoin is not a valid form of payment in the country, and that users of the cryptocurrency «would be dealt with».

It legalizes cryptocurrency as a method of payment in the country.

A draft law submitted to Russian parliament would designate the yet - to - be-issued cryptoruble as a legal means of payment in the country.

The crackdown in Bali comes after BI declared bitcoin an illegal form of payment in the country.

While bitcoin itself is not banned, using it as a means of payment in the country could result in a fine between 150 million to 200 million dong (~ USD8, 800).

The State Bank of Vietnam (SBV), Vietnam's central bank, has ruled that cryptocurrencies like bitcoin are prohibited as a method of payment in the country.

«Bitcoin interest and adoption in South Africa is taking off big time,» even though 90 % of payments in the country are still cash - based, Luno revealed in April.