Sentences with phrase «people trading in digital currency»

Not exact matches

Unregulated digital entities, created by just about anyone out of nothing, that assume some value denominated in fiat currency simple because they're being traded between anonymous people or bots whose only desire is to make prices go up, on unregulated opaque exchanges where everyone thinks price manipulation is good as long as it pushes up the price....

Goldman Sachs Group Inc. is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy.

According to the Wall Street Journal citing people with knowledge of the matter, the banking giant is reportedly considering a new trading operation involving cryptocurrency thanks to increased interest in digital currencies.

According to the Wall Street Journal citing people with knowledge of the matter, the banking giant is reportedly considering a new trading operation involving cryptocurrency thanks to increased interest in digital currencies.

Business Insider reported on Thursday that the Russian government drafted a bill to «create the legal framework for trading in bitcoin, dash, ether, and other digital currencies,» just one year after the same institutions warned people who traded these digital currencies could be thrown in jail.

Earlier this year the People's Bank of China shut down all digital currency trading platforms in Beijing and Shanghai, citing concerns about financial risks posed by unregulated markets.

Bitcoin was in the headlines last week after Russian police arrested three people for illegally trading in the digital currency.

Although the vast majority of people dealing in virtual currencies have no intention of breaking the law, the unregulated nature of digital currency exchanges has already precipitated the collapse of several trading platforms.

More comprehensive definitions have been attempted by the EBA in 2014 (European Banking Association) and the Banca d'Italia, which both define Bitcoin as «a digital representation of value that is neither issued by a central bank or public authority nor necessarily attached to a fiat currency, but is used by natural or legal persons as a means of exchange and can be transferred, stored or traded electronically».

«The ministry is concerned that cryptocurrency trading will have parallels with investment in Ponzi schemes and therefore people must be made aware of the high risks involved before they plough their money into digital currencies that are not regulated».

It's called «Segregated Witness,» a change in bitcoin's rules that would allow people to put more transactions on each block of code used to trade the digital currency.

More than one million people have signed up for early access to Robinhood Crypto just five days after it announced it would be offering zero - commission stock trading in digital currencies.