Sentences with phrase «virtual currency balance»

When a user engages in a payment transaction utilizing our virtual currency for the purchase of a virtual or digital good from a Platform developer, we reduce the user's virtual currency balance by the price of the purchase, which is a price that is solely determined by the Platform developer.

Not exact matches

As set forth below, the Act improves upon the New York and North Carolina regulations by striking a balance that allows virtual currency businesses to innovate and grow, while also providing important consumer safeguards.

If the legislature revises the final version of the amended bill to reasonably narrow the scope of the bill's coverage, California will be the first state in the nation to achieve a strong balance between regulation, innovation, and consumer protection with respect to virtual currency.

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.

I spoke to Interactive Brokers and they explained that this is merely a «Virtual Position» and not an actual position and I can simply ignore it and look at my settled Cash balance to see what currency I actually have in the account.

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.

While the 2014 position paper on virtual currencies issued by the South African Reserve Bank seemed promising for the industry, the South African government began in July of 2017 to work with Bankymoon, a blockchain - based solutions provider, on creating a «balanced» approach to bitcoin regulation.

Virtual currency is not legal tender, is not backed by the government except in few countries like Japan, and accounts and value balances are not subject to consumer protections.

Three roundtables, moderated by EDCAB Founder, Siân Jones, will run alongside the Exhibition focusing on Virtual Currencies: The future of money, Blockchain: Trusting distributed ledgers and Regulating virtual currencies and Blockchain: A balanciVirtual Currencies: The future of money, Blockchain: Trusting distributed ledgers and Regulating virtual currencies and Blockchain: A balaCurrencies: The future of money, Blockchain: Trusting distributed ledgers and Regulating virtual currencies and Blockchain: A balancivirtual currencies and Blockchain: A balacurrencies and Blockchain: A balancing act.

Since Bitcoin is a completely virtual currency, you don't need to connect your device: the blockchain maintains a record of your wallet balance at all times.

«In addition, we will continue to rectify the side effects of virtual currency speculation, but we will make balanced policy efforts to ensure that government measures do not hinder the development of technology such as block chains,» the government said, according to a translation.

In a statement issued following his state's decision to temporarily shelve further regulatory deliberations this year, he said that more time was needed to strike a balance between giving virtual currency businesses a firm foundation and ensuring consumers are protected.

«We will strive to balance the monitoring and development of the rapidly expanding virtual currency market including the response to ICOs (Initial Coin Offerings) which raise funds using the mechanism of virtual currency,» Nikkei quoted the FSA.

Finally, the deputy prime minister stressed that the «still evolving» virtual currency space is being watched closely by the MAS as it determines a balanced approach that fosters innovation in the space.

«We owe it to this new generation to respect their enthusiasm for virtual currencies, with a thoughtful and balanced response, and not a dismissive one,» Giancarlo said.