Questions tagged - foreign currency

Tommaso Sat Jul 20 2024 | 7 answers 1774

What is foreign currency & coin exchange?

I don't understand this question. Could you please assist me in answering it?

Bianca Sat Jul 20 2024 | 5 answers 850

What is a foreign currency exchange service?

Could you elaborate on what constitutes a foreign currency exchange service? I'm curious to know if it simply involves the conversion of one currency to another, or if it also encompasses a broader range of financial transactions. Are these services typically offered by banks, online platforms, or both? Additionally, are there any specific regulations or licenses required to operate such a service? And finally, how has the rise of cryptocurrencies impacted the foreign currency exchange market?

Carlo Mon Jul 15 2024 | 7 answers 1171

Is bitcoin a foreign currency in Germany?

Could you elaborate on the legal status of Bitcoin in Germany, specifically whether it is considered a foreign currency? In light of the evolving nature of cryptocurrencies and the diverse regulatory landscapes across nations, it's crucial to understand how each country views and regulates digital assets. Germany, being a financially sophisticated nation, has attracted significant attention for its stance on Bitcoin. Therefore, I'm keen to gain insights into whether Bitcoin is officially recognized as a foreign currency or if it falls under a different regulatory framework.

Andrea Sun Jul 14 2024 | 7 answers 1858

Can I exchange foreign currency on DBS Visa debit card?

Could you please elaborate on whether DBS Visa debit card holders have the capability to exchange foreign currencies? I'm particularly interested in understanding if this functionality is available directly through the card or if there are additional steps or third-party services required. Are there any limitations or fees associated with such transactions? Additionally, is there a list of currencies that are supported for exchange, and if so, how up-to-date is that list? Clarifying these points would greatly assist in determining the viability of using the DBS Visa debit card for foreign currency exchange purposes.