Questions tagged [currency]

The money which passes, at a fixed value, from hand to hand; money which is authorized by law.

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1answer
42 views

Legalities behind software freelancing for someone in England which sells properties in EU

I have a friend who is a British Citizen who's also born in England. The same is true for me. He wants me to develop an application for him where he'll be selling/renting property to people (as part ...
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2answers
125 views

Can you buy a luxury car with cash?

Let's say, hypothetically, you try buying a luxury car or expensive jewelry using cash (100 dollar bills in a bag!). Would that be legal? Will IRS or FBI or anybody come knocking on the door asking ...
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50 views

Taking donations on website with copyrighted material

I have a personal website where I post educational material and it contains copyrighted material. The legal owner requests to seek permission to use his material before anyone use it in his/her work ...
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3answers
5k views

Can a business owner refuse specific Bills and Coins?

I was reading an article article which outlines a Pizza Shop owner in Canada who is refusing to take $10 Bills with John A. MacDonald on them. For context John A. MacDonald(the first Prime Minister of ...
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1answer
40 views

Any restriction to transfer money from US to Europe (as Iranian person)

Is there any restriction to transfer some money as a gift to a European account from the US? I need to add: I'm an Iranian and a permanent resident in the US (non-citizen). The amount is less than $...
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1answer
32 views

In a Civil Case Complaint, does "Demand $" in Civil Cover Sheet (JS44) also apply to refund of legal fees through EAJA (Equal Access to Justice Act)

In a Civil Case Complaint against the US Federal Government, it is possible for the plaintiff in certain circumstances to get a refund of his attorney fees and other expenses. As explained on a ...
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2answers
116 views

Destroying U.S. dollars and getting replacement ones

I remember reading a short story which involved a man trying to smuggle a large quantity of dollars out of USSR. The soviet agents detain him at a border crossing, search all of his belongings, but ...
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1answer
70 views

On the Legality of Teens Trading Stocks---Cf. Barron's (6/14): ``Here Come the Teens: New Apps Make it a Cinch for Teenagers to Trade Stocks...''

It appears according to an article (`Here Come the Teens: New Apps Make it a Cinch for Teenagers to Trade Stocks. Are They Investing---or Gambling'') which appeared in Barron's this week, minors are ...
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3answers
88 views

Is it legal for a US city to create its own currency?

Is it legal for a US city to create its own currency, and requires local businesses, or businesses and residents, to be willing to accept payments in that currency? That is, nobody would be able to ...
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1answer
114 views

In USA, is getting credit card cash back this way legal?

A credit card company offers 5% cashback in rotating categories every quarter. For example, from April to June, you get 5 dollars back for every 100 dollars you spend in a particular category, say ...
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2answers
203 views

Taking large sum of dollars from the US to a country that is under economic sanctions

I am going to fly from one of the US airport to Iran (with a connection in Doha, Qatar). As you know Iran is not a normal country, as per its relation with the US. I am planning to take a relatively ...
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3answers
136 views

What does "Legal Tender" actually entail?

Section 31 U.S.C. 5103 United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public ...
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4answers
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Do US presidential pardons include the cancellation of financial punishments?

https://www.cnbc.com/2021/01/20/anthony-levandowski-pardoned-after-stealing-trade-secrets-from-google.html says: Anthony Levandowski pardoned after stealing trade secrets from Google In August, ...
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1answer
142 views

How is it legal for the US President's name to appear on aid checks?

Apparently, (soon-former) US President Donald Trump's name appeared on the stimulus checks sent out last year. I guess this is a late question to ask, but - how can this be legal? It makes it appears ...
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1answer
96 views

How long can my university ask for Erasmus+ money back?

I just got an email from my university claiming that they paid too much Erasmus+ money for my study-abroad period and asking me to pay back the amount within the next two weeks. Since I received my ...
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2answers
160 views

Inactive account deleted under GDPR (data retention) laws. Should the credit on it have been refunded to the account holder?

I have a situation where a UK utility (mobile phone) account has been inactive for more than 7 years. The account was deleted under data retention laws (GDPR) but had a positive credit balance at the ...
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3answers
187 views

Is unintentional one-time bug abuse illegal?

Concrete examples : Someone making API requests through a banking platform, withdrew many times in succession, and through some miracle bug they all went through. Someone unaffiliated with a ...
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3answers
2k views

Is it illegal to buy and/or sell "feet pics" or pictures of feet if the seller is a minor?

Curious about this -- I'm not a buyer of such things. A growing trend online that has been booming is females selling pictures of their feet online, very often to male buyers. If the seller happens to ...
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163 views

On the legality of replacing international transfers with intranational ones

Here is a fictional story based on this question. Andrey is a Russian programmer residing in Germany who makes regular wire transfers to his father, Boris, who resides in Russia. Chris & Dasha, a ...
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1answer
1k views

Can gold/silver bullion be used to buy/sell market goods?

U.S. here, specifically NY state. Suppose I have an authentic gold coin ("bullion"). Vendor X is selling a product that she is willing to sell me for the general value (I say general here ...
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2answers
162 views

Legality of Chaumian e-cash

In the 1980s, David Chaum, a cryptographer, came up with micropayment system that would achieve cryptographic transaction privacy. Later, in the 1990s, he attempted to build this system, but it did ...
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47 views

Audio Recordings as Evidence

I have many a times seen people deal with their Stock Brokers telling them to sell or buy shares and as the prices fluctuate quite quickly they don't have the time to get everything in writing. I once ...
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4answers
731 views

Is the game company required to help and take actions for a player who got scammed in the game for virtual currencies?

According to the answers in this question, you are legally responsible when scamming someone for virtual goods in a game. However, in most of the cases it is very hard to actually get any information ...
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2answers
226 views

US states and legal tender (money)

I was of the understanding that all governmental bodies inside the US were required to accept all forms of legal tender. In other words, if you owed a $1,000 fine to the federal, state, or local ...
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1answer
80 views

Overpaid in cash at out of state hospital, they wont pay back

In Nevada, I needed some care at a hospital. After treatment, they told me I owed $1600 so I trusted them and paid in cash. Turns out I actually only owed about $1100, so they owe me $500. I live in ...
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1answer
104 views

UK Estate Agent withdrawing house before occupancy without returning fees

In February, my relative agreed to rent a house. She paid a holding deposit, and after numerous credit checks the move was agreed - to begin on 1st April 2020. She paid the deposit and first month's ...
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302 views

Is it illegal to use $ dollar to indicate in game currencies?

I'm creating a game where the player earns money while playing, my question is, could it be considered illicit or misleading to use the dollar sign ($) after the current amount of money in-game. I'm ...
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1answer
123 views

Is it legal for a business in the US to charge to make change?

Is it legal in the US, for a business to charge a fee to make change (cash to smaller denominations, e.g., taking a dollar bill and giving back coins) or the reverse (e.g., taking coins and returning ...
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2answers
188 views

Is it legal to keep a small amount of cash I found on the street?

I found a £5 note on the street tucked under some leaves a few months ago while walking a route I regularly walked. There was nobody around and there are no shops near to where I found the note for me ...
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0answers
80 views

Buying in-game currency but not receiving what you pay for with the in-game currency

I am in a somewhat debate with a friend regarding in-game currency. TLDR: I told him I could have a case if the game I bought in-game currency for would provide the in-game currency, but when I buy a ...
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2answers
1k views

Can I destroy US currency?

From what I understand, destroying US currency is illegal with 0 exceptions. Legal Information Institute says: “Whoever mutilates... cements together, or does any other thing to any bank bill... or ...
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2answers
88 views

Can an Australian freelancing platform refuse to pay money to the freelancer?

I was hired as a freelancer via an Australian freelancing platform, did the job and got money credited into my account. However, they suspected that my client made a fraudulent transaction and does ...
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0answers
141 views

Slot Machine Uses Fake Money Still Illegal?

So I have a friend who wants to build a slot-machine or similar device for an event operating in Connecticut. According to them it will only be operable with a certain type of fake currency (like ...
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0answers
49 views

Why is it legal to look at pending stock orders for some participants

another question indicates that market participants can take a look at the orders for a stock, option or futures. An ordinary investor can only look at the BID and ASK, but not the entire series of ...
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2answers
180 views

Transferring Paypal money to sons friend

I said my son is in prison and his friend. My sons friend has a girlfriend that sends money alot to him and it has to be sent through an approved account so she sends it to me. And the friend has a ...
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1answer
101 views

Who is responsible for a lost bitcoin transaction client:vendor?

I paid for a new mock using a BTC-processor that handles the bitcoin payment (with the use of a unique address). Later I got a message from the vendor saying that the transaction was "cancelled", ...
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1answer
134 views

Can I cashout 25 BTC without proof of provenance?

Back when Bitcoin was worth under 10 USD, a friend sent me 25 BTC as a gift. Since that time, I moved them around different wallets and don't believe I still have the original wallet where I received ...
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1answer
4k views

When does it become illegal to exchange bitcoin for cash?

I've read several "stings" and raids for running unlicensed money transfer businesses for people buying and selling bitcoin on localbitcoins. All of the articles are extremely vague and don't explain ...
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1answer
125 views

The Reality of a graduating law student [closed]

How likely is it (without the 100s of variables that come into play) that a person gets his J.D from a 2nd Tier University and gets paid $250 an Hour within the first 3 years of working?
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Is reselling online currency of a Website illegale? [duplicate]

On the Website "abcdef.com" You can get credits by doing actions like watching something or buying them for real money. With the credits you can let other people do actions for you. I found a way to ...
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1answer
89 views

What can a spouse do in regards to controlling the beneficiaries of a life insurance policy in a community property state

Lets say a husband and wife both live together in a community property state, say Texas, and the husband is paying for a life insurance policy on the wife. The policy payout is 500 thousand dollars. ...
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1answer
172 views

Could a state legally phase-out pennies?

Debate has existed for some time in the United States whether the penny should stop being minted, due to its small purchasing power and cost of production [1]. From what I understand, to discontinue ...
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1answer
51 views

Indirect Causation

If John was on a roof, and below him there were pillows so that if John threw something off the roof it wouldn't break. For fun, John threw some valuable china off the roof onto pillows, knowing they ...
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1answer
83 views

When listing the price of parts on invoice for car repair, must the price be the one that the garage paid to obtain the parts?

When listing the price of parts (e.g., tires) on a work order or invoice for car repair in the United States, must the price of the parts be the one that the garage paid to obtain the parts? Or is it ...
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3answers
171 views

How does a flow-through LLC own assets?

A Limited Liability Company (LLC) is a business under US law with the following characteristics: Establishes a "corporate veil" of limited liability, such that creditors or lawsuits can only go after ...
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1answer
39 views

Strict laws on using raised funds for specific reasons as opposed to any reason? [duplicate]

Are there any strict regulations in the U.S. when it comes to raising money through any means, AKA normal solicitation or using a third-party platform like Kickstarter, but using the funds NOT for ...
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0answers
30 views

Do I have to pay taxes on external savings?

I am thinking about moving to Canada to work, save for retirement, and move back to Portugal for retirement because of the lower cost of living. I will contribute to the Canada Pension Plan and also ...
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1answer
200 views

Legality of Virtual Currency to Purchase Real World Items

A while ago, I saw a company called Listia which would permit users to sign up and attain some amount of Credits. These Credits could then be used to purchase real-world items on the site, such as ...
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1answer
146 views

Is currency trading legal in US?

I am trying to open a business where a client can trade their currency to me. For example, if a client has money in their PayPal, they can send it to me, then I will give the the equivalent in their ...
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2answers
66 views

What happens if an individual exceeds the maximum to be donated to a presidential candidate?

For 2020, the maximum donation is $2800. What trouble will someone be in if they break that rule, either on accident or purposely?