Sentences with phrase «offered as a virtual currency»

Xbox Live Gift Cards are the direct replacement of Microsoft points formerly offered as a virtual currency on the Xbox Live platform.

Not exact matches

At a news conference, the commissioner of the SEC, Emilio Aquino, indicated that the commission is inclined to consider «so - called virtual currencies offerings as possible securities, in which case we will apply the Securities Regulation Code.»

«From the date of release of this Notice, any so - called platform that provide trading and exchange services for coin offering shall not engage in exchange businesses between legal tender and token or «virtual currency»; or engage in proprietary trading activities or trading as an central counterparty of tokens or «virtual currencies»; or provide pricing services or act as information intermediary for tokens or «virtual currencies.»»

«The IRS offers no explanation as to how the IRS can legitimately use most of these millions of records on hundreds of thousands of users; instead, it claims that as long as it has submitted a declaration from an IRS agent that the IRS «is conducting an investigation to determine the identity and correct federal income tax liabilities of United States persons who conducted transactions in a virtual currency during 2013 - 2015» the Court must find that the Summons does not involve an abuse of process.

Most of the bitcoin - accepting merchants are eCommerce businesses, offering services ideal for virtual currency payments such as web hosting, domain registration, VPN services, and digital downloads.

In July of this year, the United States Securities and Exchange Commission (SEC) took a critical first step to rein in the growingly speculative bubble surrounding these start - ups when it issued a report concluding that such coin offerings should be predominantly classified as securities offerings, and hence mandated to fall under registration, disclosure and other requirements that apply to securities, regardless of whether those securities are purchased with virtual currencies or distributed with blockchain technology.

While acknowledging that the virtual offerings such as Bitcoin currently pose little or no challenge to the existing order of fiat currencies and central banks, the IMF chief considers the underlying volatility and riskiness of cryptocurrencies as technological challenges to be addressed over time.

«Citizens may one day prefer virtual currencies, since they potentially offer the same cost and convenience as cash, no settlement risks, no clearing delays, no central registration, no intermediary to check accounts and identities,» Lagarde said.

The Coinbase Commerce button works in a similar way to the PayPal plugin but rather than accepting fiat currencies, the new service allows for virtual currencies to be integrated as electronic payments, offering a more efficient digital payment option.

The site offers free and gold memberships as well as selling tokens, an extra currency for special boosts and virtual gifts.

Having been a software developer myself for nearly two decades, I would ask that you allow me to paraphrase Khalaf's remarks: if you sell something using your app (be it virtual currency or physical merchandise) people will want to buy it, users are loyal but expectations are high (meaning you can create life - long customers if you support your app, and update it regularly to offer the features and functionality your users demand), and larger devices mean more screen real estate to play with (but not as much as tablets can offer, and you don't want to alienate users still stuck in a sub-5-inch-screened world).

Whether you find this to be good or bad, Slotomania offers a near constant stream of in - app purchase incentives and special promotions primarily promising deals on coins (you may choose to buy a little stock pile of virtual currency to begin with, even though there are plenty of opportunities to win and earn it as you play).

The labeling will «be applied to games with in - game offers to purchase digital goods or premiums with real world currency,» the ESRB said in a press release today, «including but not limited to bonus levels, skins, surprise items (such as item packs, loot boxes, mystery awards), usic virtual coins and other forms of in - game currency, subscriptions, season passes and upgrades (e.g., to disable ads»).

The new In - Game Purchases label will be applied to games with in - game offers to purchase digital goods or premiums with real world currency, including but not limited to bonus levels, skins, surprise items (such as item packs, loot boxes, mystery awards), music, virtual coins and other forms of in - game currency, subscriptions, season passes and upgrades (e.g., to disable ads).

Operators who have tried to commercialise their offering by enabling access to other sites which allow betting on the outcome of the games with Skins or other forms of virtual currency, face the real danger of enforcement action, as occurred in the FutGalaxy case.

BlockFi, a startup based in New York which offers loans to owners of virtual currencies using their ether (ETH) and bitcoin (BTC) digital coins as collateral has received $ 1.55 million in funding from firms such as Lumenary, Purple Arch Ventures, SoFi, PJC, Kenetic Capital and ConsenSys Ventures.

Also, as more Indians warm up to the idea, virtual currencies other than bitcoin are catching investors» fancy, especially since some of them have been offering higher returns than bitcoin.

Cryptocurrencies faced a setback in the past few weeks as Facebook, Google, and most recently, Twitter, banned ads for virtual currency and ICO - related offerings on their platforms.

The ban applies to ads that promote cryptocurrencies and exchanges, as well as initial coin offerings, which allow companies to raise money by selling virtual currency.

Virtual currencies have taken a hit in South Korea, as financial authorities have banned initial coin offering (ICO) and credit exposures that use digital currencies.

Crypto-Games.net offers you the chance to gamble online with virtual currencies safely and without the need of a bank account, as you are using only digital currencies to play.

The SEC teamed up with CFTC to issue a joint statement on Friday, saying: «When market participants engage in fraud under the guise of offering digital instruments — whether characterized as virtual currencies, coins, tokens, or the like — the SEC and the CFTC will look beyond form, examine the substance of the activity and prosecute violations of the federal securities and commodities laws.»

Financing through coin offerings refer to financing bodies raising virtual currencies such as Bitcoin or Ethereum from investors through illegal sales and circulation of crypto currency or tokens.

This week, the decentralized cryptocurrency marketplace was gearing up for its Token Sale, also known as an initial coin offering (ICO), in order to give thousands of users the chance to use their ethereum (ETH) to invest in virtual currency - related projects and products.

«When market participants engage in fraud under the guise of offering digital instruments — whether characterized as virtual currencies, coins, tokens, or the like — the SEC and the CFTC will look beyond form, examine the substance of the activity and prosecute violations of the federal securities and commodities laws,» it said.

AriseBank and its co-founders Jared Rice Sr. and Stanley Ford allegedly offered and sold unregistered investments in «AriseCoin» cryptocurrency by depicting it as a first - of - its - kind decentralized bank offering a variety of consumer - facing banking products and services using more than 700 different virtual currencies, the SEC's statement continues.

«Virtual (or digital) currencies like Bitcoin are being used as a type of money and offer a novel way to make purchases and transact business online.

A principal regulator of Philippines recently announced that, «The direction is for us to consider this so - called virtual currencies offerings as possible securities in which case we will apply the Securities Regulation Code.»

There are two other types of tokens; one that is used as an investment, for example, those offered during Initial Coin Offerings (ICOs) and those that are used as convertible virtual currencies e.g. Bitcoin.

The creators view Bitcoin Cash as the next step on in terms of the evolution of the virtual currency, offering the promise of faster peer - to - peer transactions, with lower processing fees.

According to the FT BitFlyer will only offer trading of Bitcoin / Euro pairs but said it planned to support other virtual currencies such as Litecoin and Ethereum and more fiat currencies in the coming months.

The ECB study builds off an earlier study published in 2012, offering both a general overview of digital currencies as well as follow - up analysis on the potential benefits and risk of using so - called virtual currency schemes (VCS).

Under the draft, virtual currencies and initial coin offerings (ICO), as

This comes after Merrill Lynch told employees last month not to offer clients Grayscale's Bitcoin Investment Trust (GBTC), a financial instrument directly holding the digital coin, as the brokerage broadly eschews the virtual currency.

Whether you are operating a bitcoin exchange or a merchant business that wants to offer its customers bitcoins as a payment solution, our backend solution provides the technical and legal platform to implement the virtual currency into the existing payment infrastructure and enables payments to be processed in all major fiat currencies.

Under the draft, virtual currencies and initial coin offerings (ICO), as well as mining will already be allowed in the country, while exchanges can trade rubles for cryptocurrencies.

France's Finance Minister, Bruno Le Maire, is the latest high profile person to embrace the power of crypto as he realizes the benefits that virtual currencies offer.

Just a week ago, GMO offered to pay its approximately 4,700 employees partially in bitcoin as an effort to promote virtual currencies throughout the group.

The oversight the country is hoping for is figuring out a way to account for virtual currencies as well as how to deal with the increasing amount of initial coin offerings or ICOs.