Sentences with phrase «such as virtual currency»

The new rules will regulate the activities of firms, operating in or from Gibraltar, that use DLT to store or transmit value belonging to others, such as virtual currency exchanges.

«While the security threats such as virtual currency speculation and hacking of handling sites are increasing, the actual situation of personal information protection of major virtual currency exchanges is very weak.

«While the security threats such as virtual currency speculation and hacking of handling sites are increasing, the actual situation of personal information protection of major virtual currency exchanges is very weak,» warned the chairman of the Korea Communications Commission in announcing the fines.

«As security threats such as virtual currency speculation and hacking on handling sites are increasing, the actual situation of personal information protection of major virtual currency exchanges has been found to be very weak,» Korea Communications Commission chairman Lee Hyo - Sung said.

Unfortunately, gifting of Xbox 360, Xbox original, free games, pre-orders, as well as «consumable downloadable game content» such as virtual currency and power ups, is unavailable.

* Gifting of Xbox 360 and Xbox original games, pre-orders, free products, and consumable downloadable game content such as virtual currency is not allowed.

Certain Products may provide you with the opportunity to license a variety of virtual items such as virtual currency, virtual goods, additional levels and content packs («virtual items») that can be used while playing the Product.

These operations include the storage and transfer of information and digital assets, such as virtual currency.

«Among others, tokens can represent a medium of exchange such as a virtual currency, a regulated financial instrument such as a share, or a person's identity record.»

Some may accept credit card payments, wire transfers, postal money orders, or other forms of payment (such as another virtual currency), in exchange for Ether or other virtual currencies.

Not exact matches

Virtual currencies such as Bitcoin and Ethereum are a new challenge for U.K. lawyers, plagued with volatility and secrecy that is extending the already painful process of dividing a couple's assets.

Like other virtual currencies, such as Ethereum and Ripple, bitcoin has no central authority and relies instead on thousands of computers across the world that validate transactions and add new units to the system - technology known as blockchain.

«Payments made with virtual currencies are not only irreversible,» the report continues, «they also do not have the same legal protections as most traditional payment methods, such as the ones you have when using a credit card.»

Bitfinex is an online platform that enables traders to buy and sell virtual currencies such as bitcoin and ether.

It makes note that virtual currencies are not issued through a monetary authority and, as such, lack the characteristics of legal tender, so they can not be circulated as currency.

The lack of detail that Bitfinex provided about the hacking drove away some large customers, such as Arthur Hayes, the founder of Bitmex, a Hong Kong - based virtual currency exchange.

Virtual currency exchanges allow their customers to trade virtual currencies — usually for other virtual currencies, but also for other assets such as fiatVirtual currency exchanges allow their customers to trade virtual currencies — usually for other virtual currencies, but also for other assets such as fiatvirtual currencies — usually for other virtual currencies, but also for other assets such as fiatvirtual currencies, but also for other assets such as fiat money.

Other executives, including International Monetary Fund chief Christine Lagarde, say virtual currencies should not be dismissed and could have useful applications, such as a means of payment in countries with unstable currencies.

The two announcements also acknowledge that «the function of digital tokens has evolved beyond a virtual currency» and point out use cases, such as representation of ownership or a security interest over a token seller's assets or property, or a debt owed by the seller.

Per the FCA, «Cryptocurrency CFDs allow investors to speculate on a change in price of a virtual currency such as Bitcoin or Ethereum, which have proved volatile.

The association names illegal fundraising among the ranks of criminal activities, such as money laundering, drug trafficking, and smuggling, that it links to virtual currency.

While Bitcoin and other virtual currencies are widely regarded as being difficult to regulate, these representatives would be likely candidates for enforcement of future such regulation.

The Act addresses many of the shortcomings in previous attempts to regulate virtual currency businesses, such as the rigid licensing requirements in New York and North Carolina.

We'll ignore currency issues (including the jurisdiction of the CFTC over such things) for the moment, except insofar as New York's definition of virtual currency (which you need a license to move around) is very broadly construed and includes most «digital units of exchange» which could certainly include tokens.

This would allow California to enact important consumer protections, such as the disclosure of material risks, the unpredictability of virtual currency price in relation to fiat currency, and consumer's rights and remedies, without also immediately imposing harsh, costly licensing requirements.

According to the GAO, there are over 485,000 IRAs, worth approximately $ 49.7 billion, invested in unconventional assets, such as energy investments, equipment leasing, foreign - based assets, farming interests, precious metals, private equity, promissory notes (both secured and unsecured), real estate, and tax liens, as well as virtual currency.

The draft also allows for a bit of flexibility; provisional registrants are defined as those who register with their states to conduct virtual currency business but do not conduct business in such great volume as to be licensed, nor a low enough volume to be considered exempt.

Digital currencies such as bitcoin are issued and usually controlled by its developers, and are used by members of virtual communities.

The forex broker has been supporting virtual currencies such as Bitcoin and Namecoin since 2014, making it the first forex to welcome cryptocurrency trading.

Lawsky said last month that his agency plans to issue rules for businesses handling virtual currencies, including a «BitLicense», which could make New York the first U.S. state to regulate virtual currencies such as bitcoins.

WASHINGTON / NEW YORK (Reuters)- New York's financial regulator on Tuesday revealed new details on how the state plans to govern virtual currencies such as bitcoin, just as problems in the nascent market took a turn for the worse.

Consumers needed to be told clearly about risks in the virtual currency, such as the fact that transactions are generally irreversible, and that they could lose their money if they hold onto bitcoins for an extended period.

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.

To the extent a Licensee secures, stores, holds, or maintains custody or control of Virtual Currency on behalf of another Person, such Licensee shall hold Virtual Currency of the same type and amount as that which is owed or obligated to such other Person.

The National Bank of Hungary issued a warning to its citizens about the potential dangers of virtual currencies on 19th February, calling the payment method «much riskier» than other electronic payment options such as credit cards.

The act seeks to establish a foundation for virtual currency businesses by providing individual states with a common regulatory guide for issues such as licensing requirements; reciprocity; consumer protection; cybersecurity; anti-money laundering; and supervision of licensees.

In an attempt to halt a currency crisis, and over concerns related to money - laundering, the Central Bank of Iran has banned the banks of the country from dealing in virtual currencies such as Bitcoin.

«Members of Congress and covered employees are already required to report certain asset holdings over certain amounts, including reporting any commodities holding over $ 1,000, a Member or covered employee should report any virtual currency holding as they would report any other commodity, such as gold.»

Companies are using various gamification techniques for their customers such as loyalty points, discounts, and virtual currency to encourage them to be loyal to the brand.

Instead of adopting the currency of another country — such as the U.S. dollar — some of these economies might see a growing use of virtual currencies.

They argued that regulation could slow innovations in the blockchain technology that underpins virtual currencies such as bitcoin.

The confidence in Bitcoin may break as a result of unexpected changes such as: unfavorable legal regulations, banning electronic legal tenders, introducing the prohibition on trading in virtual currency in specific areas, imposing high taxes, creating competitive alternative currencies, deflation, and other factors which may significantly affect the shaping of the exchange rate of Bitcoin against other currencies.

Chanticleer Holdings said it uses the same infrastructure as other virtual currencies, such as bitcoin, Ethereum, Ripple, Litecoin, and more.

According to recent reports, Intelligence Agencies in India have just issued an official report stating that virtual currencies such as Bitcoin can be used for the funding of illegal activities, by people who also move their funds through hawala transactions.

Most of the bitcoin - accepting merchants are eCommerce businesses, offering services ideal for virtual currency payments such as web hosting, domain registration, VPN services, and digital downloads.

Prices of cryptocurrencies tumbled during the Asian trading session on Wednesday, as more attacks were directed at the virtual currency industry from prominent figures such as JPMorgan CEO Jamie Dimon and from NORTH KOREA.

Besides legal tenders such as Dollar, Ruble, Euro, RMB, and virtual currencies such as Bitcoin, Litecoin, LNC also can be exchanged with indirect currencies such as gold, silver and valuable financial derivatives.

Lower Identity Risk: Virtual currency transactions do not contain a customer's personal information, whereas traditional payment mechanisms, such as credit cards, require card information and other user credentials to be shared, posing a higher risk of identity theft.

- + * Businesses that choose to accept virtual currencies such as Bitcoins for their remuneration or revenue are subject to normal income tax rules.

Next month, the Virtual Currency Business Act is scheduled for discussion, covering areas such as ICOs, virtual currency exchanges, wallets and virtual currency services vVirtual Currency Business Act is scheduled for discussion, covering areas such as ICOs, virtual currency exchanges, wallets and virtual currency services Currency Business Act is scheduled for discussion, covering areas such as ICOs, virtual currency exchanges, wallets and virtual currency services vvirtual currency exchanges, wallets and virtual currency services currency exchanges, wallets and virtual currency services vvirtual currency services currency services vendors.