Sentences with phrase «primarily as a means of payment»
The FCA states that it does not currently regulate cryptocurrencies themselves (i.e. those designed primarily as a means of payment / exchange).
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As used in this chapter, «extension of credit» means the right to: (1) defer payment of debt offered or granted primarily for personal, family, or household purposes; (2) incur debt and defer payment of the debt offered or granted primarily for personal, family, or household purposes; or (3) delay or avoid foreclosure on a buyer's residence.