Sentences with phrase «virtual money rather»

This allows you to trade binary options with virtual money rather than real money.

Not exact matches

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.

Rather than simply create a kind of virtual points system in which the points can eventually be converted into «real» money — or used to buy goods, the way that frequent - flier points and other quasi-currencies (such as «Canadian Tire money») can — the founders of Bitcoin want to create a completely separate and virtual monetary system.

However, overcoming a cultural norm is quite difficult for a group of people who are not well - informed about the advantages and disadvantages of banks, but also of holding virtual money, rather than cash.

For example, if Bitcoin is not a currency, then Bitcoin forwards and Bitcoin swaps that involve the exchange of Bitcoin for another currency will not fall under the statutory definitions of the more lightly regulated foreign exchange forwards or foreign exchange swaps.10 Likewise, retail trading of Bitcoin derivatives will be limited to designated contract markets, rather than subject to the retail foreign exchange dealer regulations.11 Treating Bitcoin as a commodity that is not a currency dovetails with the stances taken by other U.S. regulators such as the Financial Crimes Enforcement Network (FinCEN)(virtual currency does not have all of the attributes of real currency) 12, the Securities and Exchange Commission (Bitcoin investments are investment contracts because Bitcoin is a form of money) 13 and the Internal Revenue Service (treating Bitcoin as property for tax purposes).14

Having prospered rather than perished from his deficit - reduction delay, the chancellor is unlikely to fret about public debt — especially when its virtual costlessness, courtesy of the free - flowing money from quantitative easing, has let him run up more of it than almost any chancellor before.

I have to say, I'm not a big fan of on - line shopping, it's just the way I am, I prefer to spend my money in the «real» shops rather than in the virtual ones.

Rather than spend unreasonable sums of money on textbooks, students can access learning materials for free, in the virtual classroom.

Some people will also argue that the game gives you enough virtual currency for instant revivals (because apparently everyone with an iPad is an utter moron who would rather keep pumping money into a game they're losing at, than on buying an entirely less cynical game, or go and read a book or something), but if that's really the case (and it probably isn't if you lose several times in a row), why keep the system in there in the first place (unless you are not really that interested in adapting your game for a different platform).

You should try not to think of virtual money traders as crazy people but rather to change the uncertainty of buying and selling fake information into a transparent and healthy market.

Rather, they added «convertible virtual currency» to existing «money transmitter» statutes, including bitcoin exchange as a form of currency trading.

Both Google and WhatsApp have built their services atop the Indian government's Unified Payments Interface (UPI) system for transferring money by tapping into bank accounts directly rather than maintaining a virtual wallet.

The Israel Tax Authority has declared bitcoin and other virtual currencies taxable assets rather than money.