Sentences with phrase «use of cryptocurrency»

This comes amidst concerns over the illicit use of cryptocurrencies in terrorism financing activities and money laundering activities.

While Nigerian banks are prohibited from handling virtual currencies, the central bank is working on a white paper which will draft its official stance on use of cryptocurrencies as a payment method.

In line with effectively all bitcoin - negative lawmakers, she cites the potential use of cryptocurrencies for criminal activities as the primary reason why they need to be adequately regulated.

Brazilian legislators now are turning to ethereum to solve that issue in one of the first uses of a cryptocurrency by a political system.

Making use of a cryptocurrency exchange to sell your bitcoins works in the same way as exchanging on a currency exchange, except you will be trading your bitcoin for another cryptocurrency.

The existence and widespread use of cryptocurrency exchanges suggests «Yes», in an indirect way.

The deputy minister recalled the increased use of cryptocurrencies in illegal operations.

He also sought to know how the ministry planned to combat use of cryptocurrencies to escape taxation and money laundry.

While the world calls it «an unregulated means of crowdfunding via use of cryptocurrency,» I believe it's much more than that for business because of the implications it brings along.

However, at this point, everyday use of these cryptocurrency assets is still pretty limited.

According to the developers, Dash's transfer speed allows more consumer uses of the cryptocurrency.

Such instances are becoming a bit more common as the acceptance and use of the cryptocurrency continues to go up.

Also, their digital currency will definitely attract new venture capitalists, as they can invest in real - world based projects, services, products and business assets by making use of cryptocurrencies.

ICO is crowdfunding via use of cryptocurrency, which can be a source of capital for startup companies.

Indonesian authorities have been stepping up their warnings and last month BI issued a regulation banning use of cryptocurrencies by financial technology companies involved in payment systems, and said it is examining whether there's a need to regulate trading on virtual currency exchanges.

The U.S. Secretary of the Treasury, Steven Mnuchin, has said his department is looking into the illegal uses of cryptocurrencies such as bitcoin.

The obligatory reporting of transactions suspected to be part of money laundering and drug trafficking was also made part of the legislation in an effort to crack down on use of cryptocurrency as a medium to facilitate illegal financial activities.

Reuters India wrote a dramatic headline: «India vows to eliminate use of cryptocurrencies».

While the KCS did not disclose whether it is taking any legal actions currently against these businesses, it said it will continue the effort in investigating on similar activities as well as illicit use of cryptocurrency in money laundering and smuggling illegal goods such as drugs.

Putin, whose statements are often interpreted by Russia - watchers as a bellwether, suggested on October 10 that blockchain technology might offer «new... solutions» to the Federation's «banking sphere,» but cautioned that the «use of cryptocurrencies also carries serious risks.»

The team at online bus hiring portal believes that frequent Bitcoin meetups will encourage increased use of the cryptocurrency among the masses.

Yet, Shanmugaratnam stated in his written response that the institution is aware of the possible use of cryptocurrency in illicit activities such as money laundering and is taking relevant measures to tackle the issue.

But as I've said previously, I'm open - minded to uses of cryptocurrencies if properly controlled and regulated,» Dimon said.

«We'll see a progressive shift in 2018 towards criminal use of cryptocurrencies other than bitcoin, making it generally more challenging for law enforcement to counter,» Rob Wainwright, executive director of Europol, recently warned.

Sadly, and in spite of the good use of a cryptocurrency miner, Coinhive is in the position of many other helpful instruments that have been misused by criminals.

The upward surge in Bitcoin prices coupled with rising use of cryptocurrency in Indian sub-continent has led to rightful government intervention.

Qarnot, a heater manufacturing company based out of France, may have come up with one of the most innovative uses of cryptocurrency.

It is also exploring ways for institutions and individuals to selectively divulge metadata related to transactions and identities to enable use of cryptocurrencies for trading and daily transactions.

Which is why it was surprising when an executive at Mastercard said that the credit card issuer was open to the overall use of cryptocurrency.

Through connecting blockchain to commerce, Incent will encourage use of cryptocurrency among merchants without succumbing to the difficulties of the at times costly and over-crowded Bitcoin blockchain.

But by discouraging the real - world use of cryptocurrencies as money for purchasing goods, the IRS is reducing the incentive for companies in the space to build robust tools to track spending and improve tax reporting.

The widespread use of cryptocurrency in various scenarios will usher in a new future for the airline business, lodging industry, OTA and the entire tourism sector.

Since VISA's choice to droop all Bitcoin pay as you go debit and digital playing cards within the EU, residents of Europe and lots of different nations have had no possibility to make use of cryptocurrency playing cards for withdrawals and POS funds.

The move comes in the wake of a December 2017 agreement with the European Council to enact new measures to combat the potential use of cryptocurrencies in money laundering, tax evasion, and other criminal activity.

The panel appreciated the stance of the government and said it wants to wholeheartedly support the government in move to check use of cryptocurrency for illegitimate activities.

In a report from Dec. 18, ING's principal economist Teunis Brosens argued that actual use of the cryptocurrency will be limited to «tech nerds, people obsessed about their privacy, [and] people afraid of (hyper) inflation of traditional currencies,» among others.

The increasing use of cryptocurrency led the country's Securities and Exchange Commission to begin looking at ways to regulate ICOs and exchanges in order to protect consumers.

So, we can assume that, as soon as cryptocurrencies are actually worth PayPal's time and regulatory uncertainties over the commercial use of cryptocurrencies are removed, the company will integrate them into their system.

The Blockchain based Coinlancer is trying to bridge gaps in payment architecture by proper use of cryptocurrencies.

Increased interest and use of cryptocurrencies brought about calls for SARS to give direction on how cryptocurrencies ought to be treated for tax purposes.

The free flow of information about digital currencies implies active use of cryptocurrencies in trafficking illicit drugs, illegal weapons, forged documents, and other criminal activities.»

Belfort believes that the rising price of BTC can be attributed to wild speculation because of what he sees as improper use of the cryptocurrency:

Services The NBA has hundreds of millions of fans all over the world, and at least some of them will soon be exposed to the mainstream use of cryptocurrency for payments for the first...

-LSB-...] use of cryptocurrencies such as Bitcoin and Ethereum has become widely accepted into the mainstream public over the course -LSB-...]

«There are two main uses of cryptocurrencies today.

South Korea, which is well known for the high public use of cryptocurrencies, also implemented a crypto ban of anonymous trading on cryptocurrency exchanges this year.

While the Korean government appears to be still searching for a synchronized voice concerning ICO / cryptocurrency and Blockchain regulatory policy, it is firmly in - step when it comes to blocking corrupt use of cryptocurrencies.