Sentences with phrase «posed by digital currencies»

MasterCard's submission stated that the risks posed by digital currencies were greater than the benefits, attacking claims of low transaction fees, faster processing time and system security.

Think of the legal challenges posed by digital currency, apps, new forms of social media, new Internet platforms, online and mobile gaming, emerging forms of communication, not to mention evolution of societal and family norms, and the globalization of business and commerce.

Not exact matches

It appears so after several state departments have issued consumer alerts warning individuals about the risks posed by peer - to - peer decentralized digital currencies like bitcoin.

The virtual digital currencies backed by the Blockchain Technology have turned out to be one of the best sources of investment and have been posing a huge challenge to the traditional banking systems and institutions.

Contacted by the Daily News regarding the threat brought about by the adoption of digital currencies to the regions resolve to have a single currency, Mr. Bernard Dadi, the Director of National Payment System at the Bank of Tanzania (BoT), confirmed that plans to have a single currency for the EAC block were still ongoing even though cryptocurrencies such as bitcoin pose a challenge.

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.

While Bitcoin may pose a risk due to it not being controlled by banks or authorities, that is also one of the selling points of this popular digital currency.