Virtual currency business definition

Virtual currency business means maintaining full custody or control of virtual currency in this state on behalf of others.
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Virtual currency business means the business of issuing, transmitting, transferring, providing safe custody or storage of, administering, managing, lending, buying, selling, exchanging or otherwise trading or intermediating virtual currencies.
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Virtual currency business means exchanging, transferring, or storing
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Examples of Virtual currency business in a sentence

  • Virtual currency business activity is currently in its infancy and is almost entirely unregulated.

  • Virtual currency business licensees and registrants are persons who engage in virtual currency business activity, or hold themselves out as being able to engage in virtual currency business activity, with or on behalf of a Louisiana resident, pursuant to the VCBA.

  • With the project office only beginning to get up to speed in the fall of 1933, it was clear that contracts for construction of the dam and powerplant would not be in place until the following summer.


More Definitions of Virtual currency business

Virtual currency business means an individual, a company or a limited liability partnership, duly incorporated under Indian laws, or a duly incorporated non-resident foreign entity carrying out Virtual Currency Business Activity.
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Related to Virtual currency business

  • Virtual currency means a digital representation of value used as a medium of exchange, unit of account, or store of value, which does not have legal tender status recognized by the United States. The term does not include:

  • Termination Currency means United States Dollars.

  • Fiat Currency means a currency issued by a country's government or central bank.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Index Currency means USD.

  • Currency Business Day means a day on which commercial banks and foreign exchange markets are open for general business (including dealings in foreign exchange and foreign currency deposits) in the principal financial centre of the Relevant Currency or, in the case of euros, a city in which banks in general have access to the TARGET2 System.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no currency is specified on the face hereof, United States dollars. “LIBOR Page”

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.