Sentences with phrase «on central authorities»

The idea behind cryptocurrencies like Bitcoin and Ethereum is that they are generated and transferred between individuals, without relying on central authorities, such as traditional banks.

The concept behind cryptocurrencies like Ethereum and Bitcoin is that individuals generate and transfer them, without the reliance on any central authorities like governments or traditional banks.

In direct opposition to traditional financial systems, cryptocurrencies do not rely on central authorities to govern transactions and regulate exchanges.

In this spirit, individual museums in China, particularly art museums, are exerting more of their own leadership and relying less on central authorities to approve what they can send and show abroad.

Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities.

While securities trading today relies on a central authority to oversee the transfer of cash for shares, Digital Asset aims to link all the participants in the process on the same database to allow real - time movement of assets.

The blockchain can record any information in a secure way, and make that information both public and unchangeable - doing this without relying on any central authority.

(4) Nothing in this Article or Article 7 shall be interpreted as imposing an obligation on a Central Authority to exercise powers that can be exercised only by judicial authorities under the law of the requested State.

This process is real - time, and much more secure than relying on a central authority to verify a transaction.

Not exact matches

«What this might do is give hesitancy [on the part of Chinese authorities]... they can't just get you from Central to the border in 10 seconds.»

Like other virtual currencies, such as Ethereum and Ripple, bitcoin has no central authority and relies instead on thousands of computers across the world that validate transactions and add new units to the system - technology known as blockchain.

The Old Perth Port proposal comes amid a ramp - up in hotel investment in the central city, with the Metropolitan Redevelopment Authority planning for a world - class hotel and residential precinct on a 6,800 sqm site in Elizabeth Quay.

The European Central Bank (ECB) stopped all payments by one of Latvia's largest lenders on Monday, after its liquidity position collapsed in the wake of allegations from U.S. authorities.

The person or people who created the Bitcoin system under the pseudonym Satoshi Nakamoto solved a problem central to any currency — preventing counterfeiting — and did it without relying on a government's authority.

«Blockchains are useful when there's no central authority in command, or when there's risk that the owner of the platform might fold,» Emin Gün Sirer, a professor at Cornell, expert on distributed systems, and co-director of the Initiative for Cryptocurrencies and Contracts, said in an email.

Under the previous system, if you were to build a social network where the information is stored on one server, under one authority, then a central authority owns your information and may distribute or manipulate it however it pleases.

Spain's constitutional crisis seems set to rumble on, as the central government looks to re-assert its authority over Catalonia.

An important and useful element of the thinking at the time was the replacement of the earlier «control theory» approach to policy (i.e. the belief that the central point was to find an appropriate spot on the Phillips curve and to stay there), towards a «game theoretic» view, in which the critical issues related to behaviour — the interaction between the monetary authorities and the public.

However, rather than rely on a central monetary authority to monitor, verify and approve transactions, and manage the money supply, Bitcoin is underwritten by a peer - to - peer network akin to file - sharing services like BitTorrent.

On March 8 and 9, Japan's Financial Services Authority (FSA) hosted a roundtable where representatives of central banks, financial regulatory bodies, and academic institutions were invited to discuss issues pertaining to blockchain technology.

On June 14, the European Securities and Markets Authority added CME Group to its list of recognized third - country central counterparties.

The grand mufti elaborated on his position by stating many of the typical concerns surrounding cryptocurrencies including their cryptographically controlled issuance, lack of central authority and regulation by financial institutions, and their ability to mask users» identities.

The blockchain firm Ripple announced on February 14 that it has signed an agreement with the Kingdom of Saudi Arabia's central bank, the Saudi Arabian Monetary Authority (SAMA), to bring the company's xCurrent software to Saudi banks in order to help them «instantly settle» cross-border payments.

If that sounds similar to how Bitcoin bills itself — as a cryptocurrency that «uses peer - to - peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network,» — you're on the money.

Blockchain is a shared ledger of transactions maintained by a network of computers on the internet rather than a central authority.

Trust is not dependent on one central authority; it is federated between all users, while, on some level, that may be scary for some who will need to cede control of proprietary systems of checks and balances in favor of an open, transparent approach.

This report is the result of a coordinated research effort by the central banks of Canada, Italy, Japan, the United Kingdom and the United States and the Bank for International Settlements on the determinants of market liquidity and on how central banks and other public authorities influence these determinants.

Preston: [00:17:56] So what's so interesting here is that on one side we have Silicon Valley working at a rapid pace to create this new digital cryptocurrency and we also have governments and global authorities looking into the implications of using the similar technology whether it's the IMF or other central banks around the world that are that are talking about using some form of crypto to back their monetary baseline.

The Bank of Thailand is currently negotiating with Malaysia's central banking authorities on a direct exchange of both countries» currencies - the baht and...

Currently, the Monetary Authority of Singapore - the de facto central bank - spearheads a cross-border payment system concept built on a blockchain platform called Project Ubin, in partnership with its Canadian counterpart.

And instead of a central authority stamping the transaction (think of a deed on a house verified from the county records) it is the open ledger blockchain that is the authorizing party of the transaction.

Bitcoin is a cryptocurrency where the creation and transfer of Bitcoins is based on an open - source cryptographic protocol that is independent of any central authority.

Some would argue that by acting cautiously on balance sheet normalization (without actively countering impacts of ECB policy measures), Fed policymakers have partially ceded control of financial conditions to foreign monetary authorities, but the same can be said about other central banks as well, for long - term rates are correlated among advanced economies:

The Financial Repression Authority (FRA) educates investors, funds and retirees on the adverse risks resulting from good - intentioned macroprudential central bank and government policies and regulations focused on controlling excessive government debt, attempting to stimulate economic growth, and minimizing the potential for financial and economic crises.

On June 14, 2017, Chief Executive of the Hong Kong Monetary Authority (HKMA) Norman Chan released a statement that was reflective of his one - day visit to the Office of Financial Development Service under the People's Government of Shenzhen Municipality and the People's Bank of China (PBOC) Shenzhen Central Sub-branch.

After the Chinese renminbi appreciated to its highest level in nearly two years against the US dollar, the country's central bank eased some restrictions on the currency, a signal that the Chinese authorities» concerns about capital outflows were easing.

For Luther after 1518, Christ is central not as pattern but as person; we are saved by the faith which acknowledges his authority, competence, and willingness to rescue those who call on him.

In this instance one with authority spoke to another on behalf of the central skills of the church that draw their intelligibility from the gospel.

Historian David Bebbington suggests a respected paradigm for those who identify as an evangelical: a transformed life through following Jesus, faith demonstrated through missionary and social reform efforts, a regard for the Bible as ultimate authority, and a central focus on the sacrificial death of Jesus.

Cornwell has since retracted his central charge (now saying he finds it «impossible to judge» the motives of Pius), while Rychlak has become America's leading authority on the topic.

Consultation on the 2017 - 18 plan has occurred with New South Wales Office of Environment and Heritage, Central Tablelands Local Land Services, New South Wales Department of Primary Industries - Fisheries, New South Wales Department of Primary Industries - Water, the Murray - Darling Basin Authority, the Lachlan Environmental Water Advisory Group, scientists engaged in monitoring the outcomes of Commonwealth environmental water use and various community groups and individuals.

Further consultation on the 2017 — 18 plan then occurred with the Victorian Environmental Water Holder, the Goulburn - Broken, North Central, North East and Wimmera Catchment Management Authorities.

Since almost all Nettelhorst students live in the neighborhood and walk to school, critics look to some distant central office bureaucrat placing limits on our principal's power and authority and cry foul.

The event was used to take stock of the activities of the Kumasi Central Prison and reflect on what happened a year ago and how the authorities could prevent the recurrence of the attempted jailbreak.

Local authorities in England and Wales currently have the highest highway maintenance budget (# 3.5 Bn) in a decade, up 20 % on last year, with funding from central Government (# 1.2 Bn) also at a 10 year high.

Cuomo's «Open NY» proposals included making government information available on one central website and trying to establish a network and augment sites for each state agency and authority under the governor's control with uniform downloadable catalogs of agency data and search engines.

The exact functions the combined authority and metro mayor will manage will vary across combined authorities, depending on the content of the devolution deal reached with central government.

On the other hand, these geographic and demographic attributes made it possible and necessary that the central authorities care about social issues and locals» personal concerns in accordance with rules — Confucianism, Taoism etc. — that were acknowledged by all.

These are expected to include measures to give neighbourhoods control over local planning decisions and reducing local authorities» reliance on grants from central government - which are being cut back dramatically as a result of the spending review.

The First Lady made this call during a working visit to her office by some Chiefs and Queen mothers from Central region to enlighten her on some concerns of the traditional authorities in the region especially those bordering on jobs, early child marriages, education and development of the region.