Sentences with phrase «purposed as mediums of exchange»

Qtum and TenX were also not purposed as mediums of exchange, yet they are listed on over 15 exchanges.

«The most recent example, with the price swings in Bitcoin, reinforce the fact that its core purpose as a medium of exchange or a currency is potentially threatened by the fact that its price volatility is just so extreme.»

Not exact matches

«I believe it is important to separate the idea of cryptocurrencies, whose main purpose is only to serve as a medium of exchange or a store of value, from the proliferation of «tokens» generally,» he declared.

cryptography world and cryptocurrenciesA cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography.

In light of this consensus as to the term's ordinary meaning, the Court concludes that «funds,» for the purposes of § 1960, means pecuniary resources, which are generally accepted as a medium of exchange or a means of payment.

Let's not forget that Bitcoin, too, began to lose its appeal as a medium of exchange — the primary purpose that it was created for — as it became more of a speculative tool for storing value.