Sentences with phrase «which is a legal tender»

Not exact matches

The Bank of Israel and the ministry stress that digital currencies are not legal tender, nor are they issued or backed by a central bank, which means there is not legal requirement for anyone to accept or exchange them.

Last April, Japanese authorities acknowledged bitcoin as a legal tender and stated that they would entail cryptocurrency exchanges to register with the Government.There are 16 cryptocurrency exchanges in Japan which have registered with Japan's Financial Services Agency (FSA).

This is a natural response from governments to a new medium of exchange, which could end up competing with their own legal tender, commodities and other assets as a store of value and alternative method... Read more»

2 stating «Bitcoin and other virtual currencies are distinct from «real» currencies, which are the coin and paper money of the United States or another country that are designated as legal tender, circulate, and are customarily used and accepted as a medium of exchange in the country of issuance.»

Russian president Vladimir Putin publicly said cryptocurrencies had «serious risks,» and yet he just called for the development of a new digital currency, the «cryptoruble,» which will be used as legal tender throughout the federation.

Upon further reflection you spelled it «cheque» which means these coins are not legal tender for you.

The size and shape of the rectangles repeated throughout the works recall a dollar bill, which Ward has indeed extracted from paper money, removing a margin so thin its removal is undetectable to the naked eye, allowing the altered bills to remain legal tender.

The firm also partnered with The Big Give, a non-profit, charitable website, which match funded # 1,052 after employees were encouraged to donate old # 1 coins before they ceased to become legal tender last October.

All Party Parliamentary Group on Legal Aid — 22 October 2015 On 22 October 2015 there was a meeting of the All Party Parliamentary Group (APPG) on Legal Aid, which this month focused on the outcome of the criminal legal aid tender and the impact of family legal aid cuts on victims of domestic aLegal Aid — 22 October 2015 On 22 October 2015 there was a meeting of the All Party Parliamentary Group (APPG) on Legal Aid, which this month focused on the outcome of the criminal legal aid tender and the impact of family legal aid cuts on victims of domestic aLegal Aid, which this month focused on the outcome of the criminal legal aid tender and the impact of family legal aid cuts on victims of domestic alegal aid tender and the impact of family legal aid cuts on victims of domestic alegal aid cuts on victims of domestic abuse.

The tender process, which is being organised by operations legal director Saswata Mukherjee, is part of a push by the UK company to formalise its relationships with its major external counsel.

Cash is legal tender for all debts public and private which means the university can not refuse.

The claimant, Hersi & Co Solicitors, was a law firm which participated in a tender for panel firms to supply immigration and asylum and mental health work to the Legal Services Commission, the predecessor to the Legal Aid Agency in the London area.

The solicitors were protesting against low legal aid fees, as well as the Carter reforms, which will introduce price competitive tendering and drive many firms out of business or force them to merge.

The government's proposal for «competitive tendering» for criminal legal aid is part of a group of proposals which are supposed to save # 220 million a year over the next five years.

However, the Law Society's recent successful judicial review of the Legal Service Commission's (LSC) family law bid tender process (which heralded an overnight reduction from approximately 2,400 to 1,200 family law aid legal firms) shows that this needs to be managed without the risk of decimating provision of legal aid services to the most vulnerable in socLegal Service Commission's (LSC) family law bid tender process (which heralded an overnight reduction from approximately 2,400 to 1,200 family law aid legal firms) shows that this needs to be managed without the risk of decimating provision of legal aid services to the most vulnerable in soclegal firms) shows that this needs to be managed without the risk of decimating provision of legal aid services to the most vulnerable in soclegal aid services to the most vulnerable in society.

When you have folks like the [Bank of England], which did a [proof of concept] with us, as well as the Bank of Japan coming out and saying, we are considering this as legal tender at some point — when you see those developments, you can't help but feel that we are on the right path, that interest is going to continue to grow,» Vias said.

Unlike illegal, counterfeit money, which is a blatant example of a «currency» that misrepresents itself as legal tender, Bitcoin is entirely different.

I've no doubt that we'll see some new handsets, and there will be a small injection of interest with Windows 10, but none of that will change the underlying problem facing the platform, which quite simply is a severe lack of people willing to exchange legal tender for Windows Phone devices.

The decision to propose traceable activity within India's domestic exchanges follows a statement from the country's Finance Minister from earlier this month, in which he said that cryptocurrencies aren't legal tender there (to be clear, no currency except the Indian Rupee is a legal tender in the country), and that there will be a crackdown on the use of virtual currencies in financing illegitimate activities.

Prime Minister Narendra Modi announced in late 2016 a «demonetization policy» in which the Rs 500 and Rs 1000 notes would no longer be considered «legal tender» as of November 9, 2016.

in late 2016 a «demonetization policy» in which the Rs 500 and Rs 1000 notes would no longer be considered «legal tender» as of November 9, 2016.

On January 2, 2018, Finance Minister Arun Jaitley answered questions before Indian parliament, in which he stated that «bitcoins or such cryptocurrencies are not legal tender and those indulging in such transactions are doing it at their own risk.»

questions before Indian parliament, in which he stated that «bitcoins or such cryptocurrencies are not legal tender and those indulging in such transactions are doing it at their own risk.»

However, bitcoin is not recognised as a legal tender in Kenya and is also decentralised, which means it lacks a central governing authority.

According to the Japan Times, the increased scrutiny is aimed to ensure that the companies comply to the revised payment services law, passed in April this year, which set out operational standards for exchanges, as well as recognizing bitcoin as a form of legal tender.

The increased scrutiny is aimed to ensure that the companies comply to the revised payment services law, passed in April this year, which set out operational standards for exchanges, as well as recognizing bitcoin as a form of legal tender.

Over the past year the Japanese FSA has recognised Bitcoin as legal tender, and authorised 11 companies to operate cryptocurrency exchanges, some of which will be handling a variety of coins including Bitcoin, Ether and Litecoin.

In India, Finance Minister Arun Jaitley's clear statement that digital currencies would not be accepted as legal tender in the country helped throw a wet blanket on cryptocurrency enthusiasm in the country — which has served as a FUD (Fear, Uncertainty, and Doubt) hotspot at times.