Sentences with phrase «used national currency»

The launch of the petro - yuan now allows Moscow and Beijing to use national currencies instead.

Similarly, if a user wants to buy bitcoin using a national currency, they would make a deposit to the exchange in their currency and then use that positive balance to buy bitcoin from whoever is selling at the current rate of exchange.

Not exact matches

But in countries like the United States, China, Russia, Singapore and Switzerland, government groups have talked about using blockchains for myriad tasks, like issuing national currency or tracking identity records for citizens and visitors.

That's why the bank launched a $ 300 - million revamp of the national currency last year, which will see Canada gradually convert from paper bills to polymer (using a fabrication process pioneered by Australia).

A question I had for the company is: how do governments and national banks feel about local currencies... which of course mean that actual fiat government currencies would be used less.

People think that if there are rival currency groupings and national currencies are going bust, we might as well use gold as a safe haven.

The general government sector — which consists of national, state and local governments — had a net foreign currency asset position equivalent to around 3 per cent of GDP as at the end of March 2013, before taking into account the use of derivatives for hedging purposes (Table 2).

It has also partnered with a Venezuelan - based digital currency exchange to help boost its use as an everyday currency — while Venezuela's national currency continues to lose value.

The deal about this kind of services is that they only convert bitcoin into rubles and execute payments by using the national Russian currency and so there are no reasons for the Russian government to consider it illegal.

These premia must do, as I said, with default, with liquidity, but they also have to do more and more with convertibility, with the risk of convertibility [e.g. a country now using the Euro makes the political choice to leave the Euro and issue its own new national currency.

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.

In a November speech, Bank of Canada Senior Deputy Governor Carolyn Wilkins warned, «As we think about alternative futures, we have to envision a world in which people mostly use e-money, perhaps even one that's not denominated in a national currency, such as Bitcoin», adding that «If we don't start now to find new approaches to handle these and other alternative futures, we won't be prepared for whatever comes our way».

After our pilot projects we will understand what system we could use in our case for our national currency.»

On the political front, «Denominating oil contracts in yuan would promote the use of China's currency in global trade, one of the country's key long - term goals as an alternative to the dollar — making this even more appealing to sanctions - threatened countries relying on the dollar,» Ramady wrote in The National.

Bitcoin, in fact, has been shown it can used to approximate unofficial rates of currency exchange to reveal how they are secretly applied by various national governments.

(They use reserves to manage their national currencies.)

In this way, the National Association of Airlines will be able to pay with virtual currencies or using the Petro.

MasterCard is open to the idea of using future national digital currencies issued by Central banks, according to co-Chairman of Mastercard Asia / Pacific.

Speaking to Citi News, one of the residents said, «can you imagine assembly rented a building to the national investment bank; 10.5 billion old currency and we don't know what the money was used for; so we are calling on President Mahama to sack him or else we will vote against him.»

Canada's national Currency Act isn't too fond of the detested currency either — it stipulates that no more than 25 pennies are legally allowed to be used in any single pCurrency Act isn't too fond of the detested currency either — it stipulates that no more than 25 pennies are legally allowed to be used in any single pcurrency either — it stipulates that no more than 25 pennies are legally allowed to be used in any single purchase.

Central banks play an integral role in market economies by maintaining the stability and credibility of national currencies used in those economies.

The exchanges used for currency trading in India are Multi Commodity Exchange and National Stock Exchange and only resident Indians and companies are allowed to trade in currency futures in India; non-resident Indians and Foreign Institutional Investors are not permitted to trade in currency futures market.

NARI WARD National (detail), 2017 U.S. currency edges, acrylic paint, indelible ink, overproof white rum, and used cash register drawers 68.75 x 56.75 x 4.5 inches 174.6 x 144.1 x 11.4 cm LM25286 Photo: Max Yawney Courtesy the artist and Lehmann Maupin, New York and Hong Kong

National, 2017, US currency edges, acrylic paint, indelible ink, overproof white rum, and used cash register drawers on wood panel, 174.6 × 144.1 × 11.4 cm

Politicians and those tasked with national security use it as a strategic lever to fight terrorism, in fiction the word intelligence is currency for gripping sub-plots and in our business technology community when used with the word artificial, intelligence has come to mean widespread change.

The report also gave a basic overview of bitcoin, noting that it is a «virtual currency that is independent of national currencies», and that it can be converted into real currencies using certain exchanges.

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.

The country's proposed finance bill for 2018, currently being considered by the National People's Congress, would outlaw possession of virtual currencies like bitcoin and their use in transactions.

Singapore's government released a report detailing a test it had carried out to digitalize a national currency using ethereum blockchain technology.

UK's National Crime Agency (NCA) has deemed that the risks of digital currency use in money laundering are «relatively low.»

China, originally counted amongst the countries rejecting the use of cryptocurrency, has now begun testing the incorporation of a national digital currency to be used alongside its fiat currency.

This positive balance can then be used to exchange for the current exchangeable amount in a national currency or another cryptocurrency.

Following a ban in September 2017, China's central bank instructed national financial institutions to cease providing crypto services in January, including the prevention and suspension of payment channels used for digital currency settlements.

Bitcoin currency exchange works in the same way you're used to managing currency exchanges with national banks.

The recognition of virtual currency as an object of forfeiture means that it will be transferred to the national treasury and used as a national budget.

The National Commission for State Regulation of Financial Services Markets informs market participants information on the prohibition of the use and dissemination of «virtual currency / cryptocurrency (Bitcoint, Litecoint, Ripple, OneCoint etc.) In Ukraine.

The recipients may receive the money in their national currency while bitcoin is used as a medium of transaction.

Spare app has added Bitcoin payment support, allowing users to cash out in national currencies in select U.S. regions using any iOS device.

Will it be used at the national level, or will it be relied on mainly for international transactions in order to avoid other volatile currencies?