Sentences with phrase «use of virtual currencies»

It is not just the media that reacts swiftly to unfounded statements regarding the alleged use of virtual currency to fund violence and terrorism.

At present, the most common corporate use of virtual currencies is simply as a means for customers to pay.

This is a huge step for the ecosystem that helps to promote a wider use of virtual currencies among domestic consumers.

In fact, online gaming was one of the first mainstream uses of virtual currencies.

The agency, according to the alert is «concerned that the rising use of virtual currencies in the global marketplace may entice fraudsters to lure investors into Ponzi and other schemes in which these currencies are used to facilitate fraudulent, or simply fabricated, investments and transactions.»

Law enforcement officials may face particular challenges when investigating the illicit use of virtual currency.

In the statement, Lenny Valdivia Bautista, Executive Director General of ASFI, expressed that it is imperative to remember that the Central Bank of Bolivia (BCB) has forbidden the circulation and use of virtual currencies of any kind.

Under Title III of the bill, which contains matters relating to intelligence and information sharing, is Section 1306, Threat Assessment on Terrorist Use of Virtual Currency.

Here, based on the IRS's experience, U.S. taxpayers have made use of virtual currencies to evade the reporting and payment of taxes.

Law enforcement officials may face particular challenges when investigating the illicit use of virtual currency.

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

Take - Two also reported a nuanced quarter on Monday, which proved its ability to put up good numbers from its catalog and digital areas with creative ways to drive sales and revenue through its use of its virtual currency system.

As the Use of Virtual Currencies in Taxable Transactions Becomes More Common, Additional Actions Are Needed to Ensure Taxpayer Compliance

He also expressed concerns over the use of virtual currencies to finance terrorist groups, but appeared enthusiastic about distributed ledger technology as a whole.

SB1694 was announced in a March 13 press release, which relates that if the bill passes, crimes committed «through and with the use of virtual currency, will have a penalty that is one degree higher than what is provided for» by the Revised Penal Code.

Our services and customer range are broad: we serve individuals, financial institutions, businesses and their consumers with an easy access and use of virtual currencies.

The second panel consists of a mix of representatives of organizations with interests directly related to the development and use of virtual currencies.

At Coinify we are on a mission to change the use of virtual currencies.

Also on Tuesday, Canada said it will toughen rules targeting money laundering and terrorist financing to keep a closer eye on the use of virtual currencies.

«The use of virtual currency transactions has and will continue to expand exponentially, as will blockchain technology applications.

The Central Bank of Bolivia has taken strict measures to limit the use of virtual currencies within the country.

The use of virtual currencies should be made easier and the operators should heavily invest in the security of the services.

Starting April 1, 2017, the JFSA began recognizing the use of virtual currencies as a form of payment and exempted the technology from consumption tax.

The announcement comes within weeks after Minister of State for Finance Arjun Ram Meghwal stated the use of virtual currencies is not authorized as a means of exchange by the RBI, and after Deputy Governor Shri R. Ghandi suggested that confidence will only be placed in a virtual currency issued by an authority.

Despite the anguish caused by the MMM Ponzi scheme, Bitcoin in Nigeria was here to stay as people realized the potential and use of the virtual currency.

By the use of virtual currency, developers will be reaching more customers.

With the use of a virtual currency for purchasing stickers and coupons, Line has already had some success with monetization, but expanding into a gaming platform would take things to the next level.

Bitcoin marketers Neo & Bee will open their first real - life branch in Nicosia later this month, a place where the use of the virtual currency is already creeping into everyday life.

Introduced on January 18, 2017, SB 5264 seeks to amend Washington's Uniform Controlled Substances Act to restrict the use of virtual currency for the purposes of marijuana sale and distribution.

On Tuesday the Reserve Bank of India (RBI) issued a statement warning the public against the use of virtual currencies.

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.

Denmark's Financial Supervisory Authority (FSA) today issued an official statement on the use of virtual currency in the country - and surprisingly, it's not all bad news.

In the report, they explore how «non-state» actors might employ the use of virtual currency technology to their advantage, and how nation - states might respond if such use of virtual currency becomes a threat to national security.

While the company's update regarding the use of virtual currencies is intriguing, it doesn't necessarily mean acceptance.

Emma Haiyambo, a Bank of Namibia spokesperson, categorically made it clear that the country does not support the use of any virtual currency including bitcoin.

Still, the central bank can not accept the use of any virtual currency and states that «due to the lack of a legal premise, the bank is unable to endorse such activities in Namibia at the moment.»

And following the hacking of Coincheck, the FSA increased efforts aimed at investigating Bitcoin exchanges besides the use of the virtual currency to launder money.

guidance concerning virtual currency and explaining how sales tax applies to use of virtual currencies.

The Michigan Department of Treasury issued guidance concerning virtual currency and explaining how sales tax applies to use of virtual currencies.

«The evidence suggests that terrorists» use of virtual currencies has so far been limited to a few instances and not widespread,» a spokesperson for Rep. Kathleen Rice, D - N.Y., told Motherboard.

In the meantime, the use of virtual currencies is being monitored by the Foreign Exchange Police Department and other government agencies.

After a recent discussion, related agencies agreed that regulators can not stop the use of virtual currencies but will have to regulate and control them in an appropriate manner.

India's central bank, Reserve Bank of India (RBI), has previously announced its plan to ban the use of virtual currencies as a form of payment across the country.