Sentences with phrase «recognized means of payment»

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.

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.

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.

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

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 cuPayment Services Act recognizing cryptocurrencies as a means of payment, granting them the same legal status as any other cupayment, 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 Actpayment that «are not legal currency», as Japan's Payment Services ActPayment 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.»