Sentences with phrase «virtual currency advocates»

Still, it seems most virtual currency advocates have something to celebrate since, aside from his more lenient stance on coins themselves, Carney feels that the technology behind cryptocurrency has the potential to enhance and assist the economy as needed.

However, due to a significant amount of vagueness in the legislation, the amended bill «drew fire from virtual currency advocates who had previously grown to applaud how it differed from the New York BitLicense — notably in its lack of new anti-money-laundering requirements.»

Not exact matches

The creators of Bitcoin and advocates of virtual currencies are fixated by the temptation of governments to print too much money and destroy its value through inflation.

In fact, to support virtual currency businesses, Coin Center strongly advocates for a federal licensing system for money transmitters rather than the state - by - state licensing that is currently standard.

While advocating regulation of virtual currencies, the paper acknowledges that there are unique regulatory challenges, including the fact that the geographically decentralized nature of virtual currency networks like Bitcoin doesn't fit easily within traditional regulatory models based on local jurisdictions.

Much before the ruling party panel, Law professor Jung Sun - seop had advocated the necessity of legal revisions for giving due recognition to virtual currency as a mode of payment.

While the likes of renowned stock picker Ronnie Moas advocates diversification of investments in multiple virtual currencies, Keiser believes Bitcoin will have no rival in the foreseeable future.

Paul has become an increasing advocate of the virtual currency this year, advising consumers to get involved and stating lawmakers should stay away from heavy - handed regulation.

However, Tom Robinson, founder of virtual currency exchange BitPrice, told the Guardian that at Wednesday's meeting he and others were advocating regulation as a way to legitimise the currency and promote new business and economic growth.