Sentences with phrase «recognized as a currency»

While the Dutch court may be making gradual steps toward crypto being recognized as a currency, other organizations do not recognize it as such.

Cryptocurrency is legally recognized as a currency in Japan, which makes it easy for financial institutions to invest in bitcoin and crypto related businesses.

In Japan, where Bitcoin is recognized as a currency, some companies like Peach Airlines accept Bitcoin payments.

It adds that bitcoin isn't recognized as a currency throughout the world, and that financial regulators «naturally do not regulate bitcoin as much as they do other currencies,» leaving the cryptocurrency in a «special gray area,» and uses bitcoin futures on regulated exchanges as an example of how the cryptocurrency is being protected.

Not exact matches

Yandex's Russian operating subsidiaries» functional currency is the Russian ruble, and therefore changes due to exchange rate fluctuations in the ruble value of these subsidiaries» monetary assets and liabilities that are denominated in other currencies are recognized as foreign exchange gains or losses within the Other loss, net line in the condensed consolidated statements of income.

Bitcoins aren't yet formally recognized by governments as a currency but with some regulation I hope that it will become more widely accepted.

There has also been only one case in history in which a currency generally recognized as the dominant reserve currency was replaced by another, and this was the replacement of sterling with the dollar, some time in the 1930s or early 1940s, again depending on your read of history.

The bill defines virtual currency as «a digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value but does not have legal tender status as recognized by the United States government.»

Certain custodial or fiduciary services in which the property or assets under the custodian's control or under management include property or assets recognized as «virtual currency.»

According to Japan's Financial Services Agency, on April 1, 2017, the country will begin recognizing bitcoin and other forms of virtual currency as a form of payment pursuant to a recently passed law.

At only two pages, the concise bill is not very substantive, save for a brief classification of «virtual currency» as «any type of digital representation of value that; 1) Is used as a medium of exchange, unit of account or store or value; and 2) Is not recognized as legal tender by the United States government.»

Despite the rumors for a centralized digital currency, China's central bank governor Zhou Xiaochuan said that the country, which still does not recognize Bitcoin as a legitimate payment method, is not in a hurry to issue its own digital currency.

This is a virtual one, and the government doesn't recognize it as a real currency, where they do, is often associated with illegal activity, such as purchasing items on the Dark Web.

The Swiss regulators (FINMA) have recognized the emergence of digital currencies as... Read More

It don't matter if the Govt recognizes Bitcoin as currency or not, they have real money value and stealing them is a crime.

The Central Bank of Iran says it has never recognized bitcoin and other cryptocurrencies as official currency within the boundaries of the Islamic Republic and conducts no transactions in them.

The yellow metal's rarity, of course, is one of the main reasons why it's so highly valued across the globe and, for most of recorded history, recognized and used as currency.

Volatility is a well - recognized impediment to the success of Bitcoin as a currency.

With this in mind, it seems like a committee was constituted by the Reserve Bank, and put in charge to study digital currency, and decide whether bitcoin is fit to be recognized as an official, legal currency in the country.

2018 could be the year that one of these currencies breaks out and becomes recognized as a viable form of payment.

France is often recognized as being one of the strictest financial regulators in Europe especially when it comes to trading using leverages, currencies and binary options.

If the bank treated the purchases as cash advances, then it recognizes crypto as currencies.

Under the GST Tax Act of 1999, virtual currencies, such as bitcoin, were not recognized as money.

Similarly, earlier this week, Bank Indonesia expressed that virtual currencies, including bitcoin, are no longer recognized as a legitimate form of payment and are forbidden for use in all financial transactions.

Matters bitcoin, in Europe, Germany took the opportunity to restructure and switching their position on digital currencies, even recognizing them as account units.

Finance and politics have been closely linked throughout history and recognizing Bitcoin as an official currency will have a big impact on world's governments, political parties and administrative institutions who will have to adjust legislations to match the new paradigm.

A gift of virtual currency, such as bitcoin, to charity or a donor - advised fund is not recognized by the IRS as legal tender.

The United Nations officially recognizes 180 currencies worldwide and outside of reserve currencies none of these compete with one another for market share, as they each serve their own purpose in their respective jurisdictions.

In addition, the authorities will share vital information, such as emerging market trends, developments, and regulatory issues concerning financial services innovation like virtual currencies — a technology that both countries have recognized for payment of goods and services.

As a Japanese Cabinet - signed law recognizing virtual currencies like bitcoin as a legal method of payment goes into effect on April 1,.As a Japanese Cabinet - signed law recognizing virtual currencies like bitcoin as a legal method of payment goes into effect on April 1,.as a legal method of payment goes into effect on April 1,...

That number has surged since the government passed a new law earlier this year, recognizing bitcoin as a legal form of currency.

In February, Bitcoin.com reported that the first Japanese bill containing digital currencies, recognizing Bitcoin as a method of payment, was expected to...

In February, Bitcoin.com reported that the first Japanese bill containing digital currencies, recognizing Bitcoin as a method of payment, was expected to enter into force sometime in April.

According to the budget documents, the federal government stated that it doesn't recognize bitcoin as a legitimate currency, but it does address the fact that the digital currency is growing in popularity and usage.

As long as other governments recognize your currency has value you can keep printing it and paying government employees, purchasing goods and paying citizens welfare, etcAs long as other governments recognize your currency has value you can keep printing it and paying government employees, purchasing goods and paying citizens welfare, etcas other governments recognize your currency has value you can keep printing it and paying government employees, purchasing goods and paying citizens welfare, etc..

Salt has been recognized as a precious commodity throughout human history, even serving as a form of legal currency.

Robyn describes how various teachers recognize their students» currencies without undervaluing their own, such as a quiet, organized classroom or hard - working students.

Many investors have already recognized this trend, as we've seen record flows into ETFs that are designed to hedge currency risk:

Interactive Brokers calculates an internal funding rate based on a combination of internationally recognized benchmarks on overnight deposits (ex: Fed funds, LIBOR) and real time market rates as traded, measured, in the interbank short - term currency swap markets, the world's largest and most liquid market.

The agencies — the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency — and the SLC recognize that the competitive job market, traditionally low entry - level salaries, and higher student debt loads can contribute to some borrowers preferring greater flexibility with their payments as they transition into the labor market.

The Hong Kong central bank recognizes the US dollar as its reserve currency.

Unfortunately, as you probably recognized after reading my Guide to SPG, it's also one of the most difficult currencies to acquire.

Moveset changes / shifts may not seem like much, but they sometimes reward long - term players for playing early, though when those same shifts are used to force us to spend Dust and Candy (the game's grindy leveling currencies) on new Pokemon, it feels as if we're being punished, even if I recognize it as a mechanic to ensure a level playing field.

As a recognized economist and market strategist at leading financial institutions including Citigroup, Salomon Bros and County NatWest, he has researched international economies, currencies, fixed income and equity markets.

This may be inevitable unless (or until) bitcoin and its equivalents are recognizes as money or currency — something that Mr Crawford thinks is inappropriate for a number of reasons set out in his treatise.

Arun Jaitle, the finance minister of India has cleared the air that Bitcoin is yet to be recognized as a legalized currency in the country.

Since bitcoin lacks the traditional governmental backing found with fiat currencies, few governments have been willing to recognize it as an acceptable form of tender.

Southeast Asian central bank, Bank Indonesia, warned in January that virtual currencies, including bitcoin, were no longer recognized as a legitimate form of payment and forbidden for use in all financial transactions.

Mainichi Japan notes that Japan's labor code stipulates that businesses must pay employees in a recognized currency such as the yen, but, according to GMO, the move is in accordance with the law because any payments in bitcoin would be consensual, with a chosen amount to be deducted from paychecks and put toward purchasing bitcoin.

The financial conduct Authority (FCA) does not recognize cryptocurrencies as currencies or commodities that call for regulations.