Sentences with phrase «virtual currency exchanges operating»

The Australian financial authorities have informed all virtual currency exchanges operating in the region that with effect from today April 3, 2018, they must all start making efforts to fulfill their regulatory obligations.

The Financial Services Agency will put virtual currency exchanges operating in the country under full surveillance from October, officials have said.

Not exact matches

Hong Kong - based Binance was operating in Japan through the internet without a license for a virtual currency exchange, according to a Google translation of the Japanese - language statement.

Institutions have been instructed not to «use, hold, trade and / or transact in anyway in virtual currencies,» and to ensure that existing customers who are operating exchanges «have effective AML / CFT controls.»

In the document, the bank's governor, Veerathai Santiprabhob, wrote that financial institutions would not be allowed to invest or trade in virtual currency, nor to operate exchanges or other kinds of trading platforms, according to reports.

Virtual currency exchanges are also required to receive approval from the agency in order to operate.

3 In contrast to real currency, «virtual» currency is a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency.

By getting information about how exchanges operate out into the open, the Office of the Attorney General «seeks to increase transparency and accountability in the virtual currency marketplace — and better inform the actions of enforcement agencies, investors, and consumers in this space.»

While virtual currencies do not have legal tender status in any jurisdiction, they operate like «real» currency in that they are accepted as a medium of exchange.

Japan's financial regulator recently published a document indicating that it has «warned» Binance for operating in Japan despite «not register [ing]» as a virtual currency exchange business with relevant authorities.

The futures are cash - settled contracts based on the auction price of Bitcoin in US dollars on the Gemini Exchange, which is owned and operated by virtual currency entrepreneurs Cameron and Tyler Winklevoss.

In some environments, it operates like «real» currency — i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance — but it does not have legal tender status in any jurisdiction...... Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as «convertible» virtual cuVirtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as «convertible» virtual cuvirtual currency.

LLC obtain the first charter to operate a virtual currency exchange under New York law said his clients» preparations for heightened regulatory compliance prior to its application and...

Centra raised $ 32m in an ICO during the summer of 2017 and said investors would access a new digital currency exchange and a virtual currency debit card, which would operate on the Visa and Mastercard networks.

Japan's largest Bitcoin and blockchain company, bitFlyer, has now received an official license to operate in the state of Illinois.After receiving a «BitLicense» to operate as a virtual currency exchange in New York in November 2017,...

In contrast to real currency, «virtual» currency is a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency.

Tokyo - based bitFlyer has become the fourth digital currency exchange to receive approval from the New York State Department of Financial Services (NYDFS) for a «BitLicense» to operate as a virtual currency exchange in New York.

The BitLicense authorizes Coinbase's continuing virtual currency business operations in the state of New York and is seen by many as an assurance marker for bitcoin exchanges operating within the US to be regarded as a transparent, safe and secure.

bitFlyer also revealed that it received approval from the New York State Department of Financial Services (NYDFS) to operate in the state as a virtual currency exchange.

«In some environments, virtual currency operates like «real» currency - i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance - but it does not have legal tender status in any jurisdiction.

In some environments, virtual currency operates like «real» currency — i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance — but it does not have legal tender status in any jurisdiction.

Japan's financial regulator recently published a document indicating that it has «warned» Binance for operating in Japan despite «not register [ing]» as a virtual currency exchange business with relevant authorities.

The Chinese government's decision to cease the operations of all cryptocurrency exchanges except for Okcoin and Huobi right before the nation's virtual currency regulations are set to come into effect, has led to speculation that the surviving exchanges may be the only cryptocurrency exchanges permitted to operate in China moving forward.

Whether you are operating a bitcoin exchange or a merchant business that wants to offer its customers bitcoins as a payment solution, our backend solution provides the technical and legal platform to implement the virtual currency into the existing payment infrastructure and enables payments to be processed in all major fiat currencies.

The Bitlicense, which authorizes Coinbase's continuing virtual currency business operations in the state of New York, is an important validation of our highest priority: to operate the most secure and compliant digital currency exchange in the world.

While the letter from FinCEN signed by Assistant Secretary for Legislative Affairs Drew Maloney states that Treasury wants to promote innovation it opens a question as to how many virtual currency exchanges are operating without the benefit of being compliant.

According to the Hankyoreh, the association's self - regulatory measures will «include minimum operating requirements such as the capital base of virtual currency exchanges, employee ethics regulations, and consumer protection.»

The new rules will regulate the activities of firms, operating in or from Gibraltar, that use DLT to store or transmit value belonging to others, such as virtual currency exchanges.

There are about 30 virtual currency exchanges currently operating in Korea, and there will be more than 10 additional [exchanges] opening in the first half of this year.