Sentences with phrase «trading of virtual currencies as»

In January, a senior Chinese central banker said authorities should ban trading of virtual currencies as well as individuals and businesses that provide related services.

Separately, a senior Chinese central banker said authorities should ban centralized trading of virtual currencies as well as individuals and businesses that provide related services.

Not exact matches

The crackdown on Seoul - based operators of some of the world's busiest virtual currency exchanges comes as the government attempts to calm frenzied demand for cryptocurrency trading in Asia's fourth largest economy.

The end has officially come for the former Bitcoin trading heavyweight, as it files for Chapter 11 in Tokyo and admits to losing nearly half a billion U.S. dollars worth of the virtual currency.

«From the date of release of this Notice, any so - called platform that provide trading and exchange services for coin offering shall not engage in exchange businesses between legal tender and token or «virtual currency»; or engage in proprietary trading activities or trading as an central counterparty of tokens or «virtual currencies»; or provide pricing services or act as information intermediary for tokens or «virtual currencies.»»

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.»

««Virtual currencies» means a digital representation of value that is neither issued by a central bank or a public authority, not attached to a legally established currency, which does not possess the legal status of currency or money, but is accepted by natural or legal persons as a means of exchange or for other purposes, and can be transferred, stored or traded electronically.

Virtual currencies, he argued, are valued as highly as they are because of the «oxygen provided by the connection to standard means of payments and trading apps that link users to conventional bank accounts.»

The biggest differecne between the value of a Bitcoin, or virtual nickel is: Outside of the Cult and pyramid scheme of the money for nothing non-asset based day trade, not a single person recognises this as currency.

The price of bitcoin swung wildly Thursday, rising to more than $ 19,000 only to fall sharply within minutes, as both the euphoria and anxiety surrounding the virtual currency escalated just days before trading in bitcoin futures begins on a major U.S....

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.

The use of automated trading software has revolutionized currency CFD trading, as well as the use of virtual private servers.

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.

Members may withdraw all or some of their virtual currency, and there is no minimum amount of virtual currency required to maintain your status as a Member (however, as indicated above, you may only trade or sell virtual currency up to the amount shown as belonging to you in the ledger maintained by the Exchange).

Widespread adoption of virtual currency is hindered by anti-money laundering and illicit trade concerns, as well as volatility, ease of use obstacles, and a lack of basic trust.

To put it simply, an asset or assets, in the case of binary options trading, are the virtual items which you have purchased, may it be in the form of stocks, or through calls and acquiring them later on as you succeed in making profits and increase the amount of stocks or binary options trading items that you have — regardless of the dynamic, might it be an item, food, fuel, or foreign currency «betting».

For example, if Bitcoin is not a currency, then Bitcoin forwards and Bitcoin swaps that involve the exchange of Bitcoin for another currency will not fall under the statutory definitions of the more lightly regulated foreign exchange forwards or foreign exchange swaps.10 Likewise, retail trading of Bitcoin derivatives will be limited to designated contract markets, rather than subject to the retail foreign exchange dealer regulations.11 Treating Bitcoin as a commodity that is not a currency dovetails with the stances taken by other U.S. regulators such as the Financial Crimes Enforcement Network (FinCEN)(virtual currency does not have all of the attributes of real currency) 12, the Securities and Exchange Commission (Bitcoin investments are investment contracts because Bitcoin is a form of money) 13 and the Internal Revenue Service (treating Bitcoin as property for tax purposes).14

China on Monday issued a notice, demanding that all ICOs have to be halted as of Monday, claiming that coin fundraising poses «multi-layer» risks and that platforms are barred from trading virtual currency with fiat currency.

The proposal defines «virtual currencies» as a digital representation of value that can be digitally transferred, stored or traded and accepted by natural or legal persons as a medium of exchange, but does not have legal tender status.

February 6th will see the SEC's Jay Clayton and CFTC's J. Christopher Giancarlo appear as witnesses before the Senate Committee on Banking, Housing, and Urban Affairs, as part of a session dubbed Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.

To understand the meaning and advanced trading benefits of new products, such as the cryptocurrency Bitcoin and other virtual currencies.

A-9: If a taxpayer's «mining» of virtual currency constitutes a trade or business, and the «mining» activity is not undertaken by the taxpayer as an employee, the net earnings from self - employment (generally, gross income derived from carrying on a trade or business less allowable deductions) resulting from those activities constitute selfemployment income and are subject to the self - employment tax.

To put it simply, an asset or assets, in the case of binary options trading, are the virtual items which you have purchased, may it be in the form of stocks, or through calls and acquiring them later on as you succeed in making profits and increase the amount of stocks or binary options trading items that you have — regardless of the dynamic, might it be an item, food, fuel, or foreign currency «betting».

Describing as the «first new asset class in hundreds of years,» Keiser's bullish investment stance on the virtual currency has gained serious weight as CME prepares to launch futures trading this month.

As Korea's prime minister said in November, «Young people and students are rushing into virtual currency trading to earn huge profits in just a short period of time.

Further, if a taxpayer's mining of virtual currency constitutes a trade or business, and the mining activity is not undertaken by the taxpayer as an employee, the net earnings from self - employment (generally, gross income derived from carrying on a trade or business, less allowable deductions) resulting from those activities constitute self - employment income and are subject to the self - employment tax.

During the three days prior to January 8 (Monday), the bitcoin prices were trading above $ 17,000, as per the data on Coinmarketcap, a virtual platform that shows the market prices and capitalisation of digital currencies traded across the major exchanges worldwide.

A US federal judge passed a ruling on Tuesday stating that Virtual Currencies such as Bitcoins can be regulated by the U.S. Commodity Futures Trading Commission in a manner similar to that of commodities, according to CNBC

The regulator of Abu Dhabi «sinternational financial centre said it could create rules forexchanges handling virtual currencies, in a sign thatauthorities in the United Arab Emirates may allow trade incryptocurrencies such as bitcoin to develop.The Financial Services Regulatory Authority (FSRA) isconsidering whether to establish a framework for virtualcurrency exchanges, the FSRA, which supervises the Abu DhabiGlobal Market (ADGM), said on Sunday.

«Any so - called tokens financing trading platform shall not engage in the exchange of legal currency and tokens, «virtual currency», and may not be traded or sold as a central counterparty to sell tokens or «virtual currency,» the bank states.

It said while it has taken notice of recent developments in the use, holding, and trading of virtual or digital currencies (also known as cryptocurrencies), such as Bitcoin in Ghana, it is not legal tender and it is not regulated.

Texas is currently seen as one of the most bitcoin - friendly states among blockchain developers, and not just because of the pending amendment to protect virtual currency trading.

From $ 10k to $ 12k In Just Days Data from Coinmarketcap, which averages trading prices across major exchanges, showed Bitcoin selling for $ 12,020 as of press time, marking yet another all - time high in the virtual currency's record - breaking year.

Data from Coinmarketcap, which averages trading prices across major exchanges, showed Bitcoin selling for $ 12,020 as of press time, marking yet another all - time high in the virtual currency's record - breaking year.

Among the countries that have emerged as the largest markets for the virtual currency is Japan which now boasts of 61 % of the worldwide trading volume for Bitcoin with 2.7 % of the country's population holding the virtual currency.

Rather, they added «convertible virtual currency» to existing «money transmitter» statutes, including bitcoin exchange as a form of currency trading.

As noted by ZDNet, «The Blue House, Korea's equivalent to the US White House, said the country will seek to increase transparency in cryptocurrency trading by stamping out illegal activities» — meaning it «will prioritize transparency in trading of virtual currency within the boundaries of the current law, and block illegal and unfair activities.»

The virtual currency is down now with over 38 percent in 2018 and was trading at about $ 8,519 as of 12:08 p.m. ET Friday.

According to the FT BitFlyer will only offer trading of Bitcoin / Euro pairs but said it planned to support other virtual currencies such as Litecoin and Ethereum and more fiat currencies in the coming months.

«We are actively considering ways to prohibit transactions on domestic exchanges by judging virtual currency trading as a deceptive means of defrauding people -LSB-...] under the penal code,» the publication quotes an official as saying.

VirWoX facilitates, primarily, buying of Second Life Lindens (currency used in Second Life — a virtual world) with a variety of currencies such as EUR, USD, CHF, GBP, OMC and ACD and you can trade those Lindens for Bitcoins although it is very costly — 10 % in fees.

A-9: If a taxpayer's «mining» of virtual currency constitutes a trade or business, and the «mining» activity is not undertaken by the taxpayer as an employee, the net earnings from self - employment (generally, gross income derived from carrying on a trade or business less allowable deductions) resulting from those activities constitute self - employment income and are subject to the self - employment tax.

As concerns grow over crypto - mania in the country, South Korea's government is doubling down on efforts to rein in trading of virtual currencies like bitcoin.

Another fan, 43 - year - old Hiroshi Kasahara, who runs an ad agency, said: «I have been trading stocks and forex but not bitcoin or other virtual currencies as I was a bit scared of them... But [now] I feel like opening an account» if the group accepts payment only in bitcoin, he was quoted by Arab News.

South Korea is planning a bill to ban cryptocurrency trading as a clampdown on virtual currencies gathers pace in one of world's most exuberant markets.

The respondents had an average of 5.7 million won ($ 5,357.14) invested in virtual currencies, and a majority of them said they began trading because they saw it as the fastest way to earn money.

Namibia's Trade Command Act of 1966 acknowledges that «In addition to the bank not recognizing virtual currencies as legal tender in Namibia, it also does not recognize it to be a foreign currency that can be exchanged for local currency.

Quintenz said that the CFTC is looking to hear other perspectives on the subject of blockchain, virtual currencies, automatic trading and other tech matters as it brings together government officials and private sector experts to try and figure out how to tackle developments in the rapidly growing cryptocurrency market.

Trading houses have resorted to Skype calls to enable the buying and selling as well as lending of virtual currencies in over the counter trading that moves hundreds of millions of dollarsTrading houses have resorted to Skype calls to enable the buying and selling as well as lending of virtual currencies in over the counter trading that moves hundreds of millions of dollarstrading that moves hundreds of millions of dollars daily.

A rollercoaster ride of a week for Bitcoin has seen exchanges suffer outages as current and new users clamored to trade the sought - after virtual currency.