Yet, Shanmugaratnam stated in his written response that the institution is aware of
the possible use of cryptocurrency in illicit activities such as money laundering and is taking relevant measures to tackle the issue.
J.P. remains «very open minded» to
possible uses of cryptocurrencies «if they are properly controlled and regulated,» according to Chief Financial Officer Marine Lake.
Not exact matches
Sources described as «close to» the agency apparently said that the move comes in response to concerns over money laundering and other
possible illegal
uses of the
cryptocurrencies.
The bank official described state - issued
cryptocurrency as another
possible solution to this problem, opining that, «Central banks around the world are examining (the
use of digital currencies) so we should as well.»
Now, in such a scenario where bank transfers and other platforms such as Paypal are becoming expensive, for such countries, large volumes
of transfers can be made
possible using cryptocurrencies.
Many first - time investors
use «Google» to make the process
of mining this
cryptocurrency as easy as
possible.
You would think it would be easy enough to create a new and interesting name in the
cryptocurrency space but here is a case where one
cryptocurrency entrepreneur is being challenged by an established business for a
possible misconceived
use of an established business name....
«Following consultation with
cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC / BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security
of the transaction to the [greatest] extent
possible,» Kobayashi said,
using the alternate ticker symbol BCC for bitcoin cash, which is more normally assigned the symbol BCH.
The broker then
uses this real share as the basis for creating a crypto asset which can be bought by clients
of the broker via NEM's blockchain ledger system and its XEM
cryptocurrency (one
of the top ten
cryptocurrencies — in future, it will be
possible to
use other
cryptocurrencies and the exchange will also allow trading between
cryptocurrencies).
While it is
possible to deposit fiat money by wire transfer, credit card and other payment options, users are also free to just
use cryptocurrencies for deposits and withdrawals which enables a complete anonymous
use of the broker platform.
The fact is, it's only
possible to have access to the full market if you
use cryptocurrency exchanges, and on top
of that,
cryptocurrency exchanges offer by far the best spreads.
«Monero wants to enable people to own and spend their wealth as privately as
possible, and so the addition
of more fiat gateways, like Kraken, will help users to get on board and
use a
cryptocurrency that does its utmost to defend their privacy.
The emission
of «surrogate money»,
of software that can be
used for its emission, or the provision
of information that makes the emission or
use of cryptocurrencies possible, will entail a penalty.
News.Bitcoin.com reported in June on Australian left opposition leader Bill Shorten who indicated that he wants to deter the
use of cryptocurrencies including bitcoin, citing their
possible use by terrorists.
BitSpark makes this
possible by
using bitcoin and other
cryptocurrencies as the method
of payment without the need for expensive banks, especially when dealing in more exotic currency such as NGN.
Over the past a few years, Russia has taken a U-turn on its attitude towards
cryptocurrency, moving from a
possible ban to robust discussion and the exploration
of use cases that could be adopted by government agencies.
As CoinFox repоrted yesterday, Vladimir Putin told the participants
of Klyazma Youth Forum that it is
possible to
use cryptocurrencies «in certain segments
of economy» though they «have no real basis».
yesterday, Vladimir Putin told the participants
of Klyazma Youth Forum that it is
possible to
use cryptocurrencies «in certain segments
of economy» though they «have no real basis».
While different countries have previously rejected the
use of cryptocurrency, some are beginning to see its
possible value and the growing demand for a digital currency.
Only time will uncover the myriad
of use cases
possible from bitcoin, blockchain and
cryptocurrency technology and usage.
Using the ad space, Petereffy directs an open letter to the chairman
of the Commodity Futures Trading Commission (CFTC) Christopher Giancarlo, wherein which he expresses the
possible dangers that could come from clearing
cryptocurrencies and traditional stock in the same exchange house.
Just like other
cryptocurrencies they run on decentralised blockchains and
use anonymised wallets, yet the companies behind them
use a variety
of systems, market algorithms and trading incentives in order to keep their values as close as
possible to one US dollar.
«In sum, Defendants capitalized on the recent enthusiasm for blockchain technology and
cryptocurrencies to raise funds through the ICO, illegally sold unqualified and unregistered securities,
used a Swiss - based entity in an unsuccessful attempt to evade U.S. securities laws, and are now admittedly engaged in the conversion, selling, and
possible dissipation
of the proceeds that they collected from the Class through their unregistered offering.»
When announcing the new offering last month, Robinhood said the move was aimed to bring
cryptocurrencies to a wider audience
of investors,
using a platform which «democratizes» trading by expanding the pool
of possible investors through its mobile and web - based apps.
The
cryptocurrency Bitcoin is the first
use case
of the blockchain, but much more seems to be
possible.