Sentences with phrase «virtual currency ecosystem»

That consideration will also form a focus for CoolBitX going forward, SBI noting its practices with others in its «virtual currency ecosystem.»

However, the exchanges are taking heart in the fact that such lacklustre phases have come and gone for the virtual currency ecosystem in India.

Raging a competition among multiple blockchains surely won't do much good to the virtual currency ecosystem.

Perkins Coie attorneys offer insight on the complex regulatory, enforcement, investment and consumer protection issues arising in the virtual currency ecosystem.

FinCEN has stated that «exchangers» and «administrators» in the virtual currency ecosystem are considered money transmitters (a category of Money Service Businesses), and are therefore required to register with FinCEN and comply with AML regulations.

Not exact matches

To recap, Bitcoin is an attempt to create a distributed, open - source form of virtual currency that relies not on gold bars in Fort Knox or the monetary policy of a central bank for its value, but on a computerized ecosystem.

The hacking of an experimental virtual currency project called the Decentralized Autonomous Organization (DAO) has sent a chill into the digital currency ecosystem...

The most striking difference between it and the other virtual currencies is its structured approach to business with constant roll out of new products and services as seen in the OneCoin ecosystem on the company site.

At that moment, IAP was not natively supported by the Windows Phone platform, so we used a framework developed by Microsoft specifically for Xbox LIVE games, and paying for these was done with Microsoft Points, a virtual currency used in the Xbox ecosystem.

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

Nupur Anand added, «The crypto - currency ecosystem in India is very small: Bitcoin is accepted at only a few restaurants, and some virtual currency exchanges allow users to make payments for books or movie tickets.

Nupur Anand added, «The crypto - currency ecosystem in India is very small: Bitcoin is accepted at only a few restaurants, and some virtual currency exchanges allow users to

Interestingly enough, Amazon is not the only company that has previously attempted (and failed) to create a long - lasting virtual currency for a niche in their ecosystem.

The crypto - currency ecosystem in India is very small: Bitcoin is accepted at only a few restaurants, and some virtual currency exchanges allow users to make payments for books or movie tickets.

This story will have a slightly negative impact on the Bitcoin ecosystem, as mainstream media will continue to feast on anything that puts virtual currency in a negative spotlight.

There is a number of Dragonchain use cases such as identity systems, ticketing, decentralized processing, computing, and storage framework, voting systems, smart contract, reporting and compliance, funding and accountancy, generic crypto - store, payments policy, organization inside currency, open source software project control, Intellectual Property marketplace, customer facing currencies — ecosystem exchange (physical or virtual, gaming), reservations (room, travel, table...), Internet of Things etc..

In his testimony today, he will argue that the Foundation saw the introduction of FinCEN's guidance on virtual currencies in March as a signal that «existing regulation covers most of the business activity taking place in the bitcoin ecosystem».

With bitcoin drifting back toward its all - time high and interest in virtual currency growing — both as a store of value and as a means of speculation — traders have little alternative but to use current centralized exchanges that have always proven a point of weakness in the bitcoin ecosystem.

Brian Quintenz, a member of the CFTC, pointed out that contrary to the expectations of many in the ecosystem, the February 6 hearing did not witness any of the usual fear - mongering about the fate of virtual currencies.

«Our goal is to become a virtual currency exchange with the highest trading volume on a global basis, with the goal of building an ecosystem that enables everyone to buy and use virtual currencies anywhere.»

The reality is that virtual currencies are a tremendous boon to the unbanked, allowing them access to a financial ecosystem that they can participate in.

Ripple's efforts to build an active ecosystem around its XRP digital asset has been boosted by a deal with virtual currency processor BitGo.

SBI says the business move is meant to meet the needs of the company's investors while aiming to establish a robust «ecosystem» with virtual currency related businesses.