Sentences with phrase «wallet service providers including»

Not exact matches

Only those wallet providers offering custodial services of credentials necessary to access virtual currencies are to be included in the legislation.

He said the cryptocurrencies have to be judged against the entire ecosystem — including the exchanges on which they are traded, the miners who create new coins, verify transactions and update ledgers, and the wallet providers who offer custodian services.

Whether you can start using a mobile wallet depends on a number of factors including your wireless service provider, who you bank with, which credit card you have and what type of phone you use.

Thanks to the collaboration between banks and mobile service providers, we now have «mobile wallets,» a system of paying that involves tapping your smartphone on a retailer's point of sale (POS) machine, including those at restaurants and gas stations.

As per a statement from the RBI's Deputy Governor BP Kanungo at a conference yesterday, the institution is barring regulated entities from providing services to any individual or business that's buying or selling digital currencies — that includes private banks and digital wallet providers.

«After the amendment comes into force, professionals and especially exchange services between virtual and fiat currencies and custodian wallet providers will have to comply, which includes, of course, compliance with the regulations in their country of incorporation,» explains Boland.

As part of its move, the bank gave an ultimatum of three months to all banks in the country to allow them to cut ties with, and stop services for any cryptocurrency businesses including exchanges and wallet providers.

Within the past three years, Draper has funded both regional and international bitcoin businesses, including the $ 1.6 billion bitcoin brokerage and wallet platform Coinbase, $ 160 million South Korean cryptocurrency exchange Korbit, and bitcoin service provider Coinplug.