Sentences with phrase «there are no legal tender»

In fact, confusingly there are no legal tender notes in Scotland - Bank of England notes are only legal tender in England and Wales.

Not exact matches

There is no «Bitland» where a government has declared it legal tender to buy goods and services and pay taxes.

The Bank of Israel and the ministry stress that digital currencies are not legal tender, nor are they issued or backed by a central bank, which means there is not legal requirement for anyone to accept or exchange them.

There exists a new upper class that's completely disconnected from the average white American and American culture at large The old «round pound» has ceased to be legal tender - here's what to do if you have any left

There may be legal tender laws, but I can tell you that there would be fights over things like There may be legal tender laws, but I can tell you that there would be fights over things like there would be fights over things like this.

As there is no ATM here — there are card machines though — it seems that gold would be an appropriate legal form of tender.

In relation to the outcome of the tender process, this was been pushed back until 15th October, although in the last day there has been news of a whistleblower within the Legal Aid Agency telling the Law Society Gazette that the tendering process was a «shambles» and that bids were not assessed fairly.

All Party Parliamentary Group on Legal Aid — 22 October 2015 On 22 October 2015 there was a meeting of the All Party Parliamentary Group (APPG) on Legal Aid, which this month focused on the outcome of the criminal legal aid tender and the impact of family legal aid cuts on victims of domestic aLegal Aid — 22 October 2015 On 22 October 2015 there was a meeting of the All Party Parliamentary Group (APPG) on Legal Aid, which this month focused on the outcome of the criminal legal aid tender and the impact of family legal aid cuts on victims of domestic aLegal Aid, which this month focused on the outcome of the criminal legal aid tender and the impact of family legal aid cuts on victims of domestic alegal aid tender and the impact of family legal aid cuts on victims of domestic alegal aid cuts on victims of domestic abuse.

According to Potter there was «strong evidence of inconsistencies in how the tender applications were marked for the same firms in different areas» (March 2016, Legal Action, p 4).

If you were fixated with an ideological concern to introduce best value tendering into criminal legal aid then there are areas where you could do it.

The problem areas of the legal aid budget — crown court defence work and child care proceedings — should be addressed swiftly, but the committee said it failed to see the need for «potentially short - sighted transitional arrangements for legal aid remuneration in anticipation of the roll out of competitive tendering from October 2008, where there are already mechanisms for controlling unit costs or where the costs of cases appears to be under control».

There are only two fundamental differences between bitcoin and national currencies: (1) bitcoin is issued by an algorithm rather than a central bank so predictable machines rather than arbitrary humans control the «printing» and the total amount of bitcoin; (2) creditors can sue you if you present bitcoin to settle a debt denominated in national currency but if you present the currency it will be a defence to the creditor's suit under some form of a «legal tender» statute (Currency Act, RSC 1985, c C - 52 in Canada; 31 U.S. Code § 5103 in the US).

I've no doubt that we'll see some new handsets, and there will be a small injection of interest with Windows 10, but none of that will change the underlying problem facing the platform, which quite simply is a severe lack of people willing to exchange legal tender for Windows Phone devices.

The decision to propose traceable activity within India's domestic exchanges follows a statement from the country's Finance Minister from earlier this month, in which he said that cryptocurrencies aren't legal tender there (to be clear, no currency except the Indian Rupee is a legal tender in the country), and that there will be a crackdown on the use of virtual currencies in financing illegitimate activities.

The press release put forth from the PBOC today outlines that there is significant volatility in bitcoin trading, and also quoted from a notice released in 2013 saying that bitcoin is a virtual good and doesn't have legal tender status.

However, just because something isn't legal tender, does not mean that it can not be used for payment - it just means that there are no protections for either the consumer or the merchant, and that its use as payment is completely discretionary.

The CBK has pointed out the fact that bitcoin is not recognised as a legal tender in the country and there are no proper regulatory structures governing its use.

Even though many governments like that of United States isn't ready to recognize virtual currency as legal tender or currency, they realize there are profits to be made around the crypto market.