The Indonesian and Ukrainian central banks have clarified that bitcoin will not be
recognized as a means of payment, whilst Thailand's Securities and Exchange
Not exact matches
Recognizes bitcoin
as a «legal
means of payment».
:: Urgently pay Edo State pensioners over 42 months outstanding pension benefits and entitlements from the over N29bn Paris Club refunds received by your government and
meant for the
payment of pension arrears and gratuities;:: Adopt a human rights policy
of guaranteeing regular
payment of pension benefits and entitlements so that pensioners and their families can live decently;::
Recognize the human rights
of Edo State pensioners and ensure their full and effective enjoyment
of those rights,
as well
as provide them with information to enable them to claim their rights;:: Treat all pensioners in Edo State
as individuals with humanity and dignity and respect and promote their higher standard
of living and improve economic and social conditions for all pensioners;:: Provide Edo State pensioners with proper support and assistance to alleviate their plight, including by ensuring informal, community - based and recreation - oriented programs for pensioners to help develop their sense
of self - reliance and independence;:: Reduce opportunities for corruption in the spending
of the Paris Club refunds
The long - awaited bill, which goes into effect on April 1, still does not
recognize bitcoin
as a currency, but it has accepted that bitcoin and other cryptocurrencies have «asset - like values» that can be used «
as payment to indefinite parties for the cost
of purchase or rent
of items or receipt
of services and which can be transferred by
means of electronic data processing systems,» explained Bitflyer exchange.
The legislation follows a series
of pro-cryptocurrency moves from the Japan Diet: If you recall, Japanese lawmakers signed a landmark bill early this year that
recognize cryptocurrencies like bitcoin
as a method
of payment «for the cost
of purchase or rent
of items or receipt
of services and which can be transferred by
means of electronic data processing systems.»
In addition to trading the dominant cryptocoins, one
of CryptoHawk's primary essence also lies in further establishing and promoting the acceptability
of cryptocurrencies
as a
means of payment in the society across all industries and sectors; from the standard trading
of cryptocurrency on exchanges to making a purchase in the local retail store using any
recognized coin.
The primary goal
of CryptoHawk is to transform the cryptocurrency trade exchanges and boost the acceptability
of cryptocurrency
as a
recognized means of payment across all platforms, markets and industries.
While the Malaysian government has reportedly given the green light to legalize the use
of Bitcoin within the country, the Ukrainian and Indonesian central banks have declared that they refuse to
recognize the cryptocurrency
as a
means of payment.
Coingaming Group CTO Reio Piller believes that the full - scale adoption and propagation
of Lightning Network could become a catalyst reinvigorating Bitcoin
as the world's most
recognized and most used cryptocurrency, while cementing its reputation
as a
means of payment.
These laws came into effect on April 1 2017, along with the
Payment Services Act recognizing cryptocurrencies as a means of payment, granting them the same legal status as any other cu
Payment Services Act
recognizing cryptocurrencies
as a
means of payment, granting them the same legal status as any other cu
payment, granting them the same legal status
as any other currency.
Earlier this year in April, Japan passed a long discussed law that
recognizes Bitcoin and other cryptocurrencies
as means of payment that «are not legal currency», as Japan's Payment Services Act
payment that «are not legal currency»,
as Japan's
Payment Services Act
Payment Services Act reads.
«At the same time, the industry believes it would be important to have some guidelines, if not a legislative framework, to make sure that these new
means of payments are
recognized as a legitimate tool.
It «affirms that virtual currency including bitcoin is not
recognized as a valid
payment instrument, so it is prohibited to be used
as a
means of payment in Indonesia.»