Sentences with phrase «use of digital currencies means»

«The bank's judgment is that the current very limited use of digital currencies means they do not raise any significant concerns with respect to competition, efficiency or risk to the financial system.»

What the use of digital currencies mean is that the transactions have essentially no fees and can be as small as a fraction of a penny or thousands to millions of dollars.

Not exact matches

Amidst growing fear of Bitcoin and other digital currencies being used for illegal purposes, such as money laundering, the Europol has recently set up a group meant to combat the process with the help of bitcoin.

«The Central Bank's ban does not mean the prohibition or restriction on the use of the digital currency in domestic development,» he said.

In addition to using Kraken for leveraged margin trading and exchange between 11 digital assets and 5 national currencies worldwide, the acquisition means that clients will soon be able to experience direct one - click buying and selling of bitcoin and other digital assets via convenient payments like ACH transfers.

So, that is, accepting the digital currency today is completely legal; this means MonaCoin and other cryptos can be used as a medium of payment in businesses, stores, or restaurants.

If you have been involved in the bitcoin market, then chances are that you've heard of Bitcoin Pizza Day, a celebration of the time when Laszlo Hanyecz purchased two pizzas with 10,000 BTC, in order to prove that the digital currency can be used as a means of value.

As used herein, «Digital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store ofDigital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store oCurrency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store ofdigital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store ocurrency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of value.

As Bitcoin use grows, more and more companies are springing up to exploit the unique capabilities of the digital currency, and that means we're seeing more cheap Bitcoin stocks coming to market.

In the post, Coinbase framed Token as an extension of its long - held mission to use blockchain - based digital currencies as a means to achieve financial inclusion.

You will still be able to use it as a store of wealth, sell it for local currency — or other digital currencies — based on the relevant exchange rate (s), send it to other Bitcoin wallets, and use it as a means of payment all around the world.

Digital assets that use cryptography to secure transactions and creation, cryptocurrencies are the first form of decentralized currency — meaning no bank or middleman controls its use.

Not many people understand that you can use digital currency as a mean of payment, an investment and a technology.

This delay means that people simply revert to more traditional forms of payment rather than using the benefits of digital currencies to their full intended extent.

The fact that the digital currency also uses bitcoin technology means it is quite secure and the unique applications of the network make it quite appealing.

To help achieve this goal, companies like 12charge.com are hard at work in order to ensure that they come up with exciting ideas, meant to broaden the amount of people who use Bitcoin and other digital currencies.

According to a report by the U.K. Treasury, «there is little evidence to indicate that the use of digital currencies has been adopted by criminals involved in terrorist financing, whether as a means by which to raise funds (crowd funding etc.), to pay for infrastructure (e.g. server rental), or to transfer funds.»

Cryptocurrencies are digital currencies that can be used as a means of payment.

More comprehensive definitions have been attempted by the EBA in 2014 (European Banking Association) and the Banca d'Italia, which both define Bitcoin as «a digital representation of value that is neither issued by a central bank or public authority nor necessarily attached to a fiat currency, but is used by natural or legal persons as a means of exchange and can be transferred, stored or traded electronically».