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Questions tagged [currency]

For questions directly relating to currency, its use and legalities - not just when currency is involved

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-2 votes
1 answer
94 views

Can Merrill 401k Company Legally withhold my 401k from me when it's under $5k total balance? [closed]

I've recently undergone a horrible experience with mess of a failed construction project ending in an architect suing me for a large sum of money for prints that will always be unusable to me. This is ...
2 votes
2 answers
163 views

Insurance company said no money was owed and now they have changed their mind

Someone I know was told by an insurance company that since he got a new car they could not insure him because it was too old and he would need to cancel the policy. He was told multiple times on the ...
3 votes
1 answer
291 views

Is dyed money legal tender?

It is in the news that a bank distributed bank notes with dye on them, assumed to be Intelligent banknote neutralisation system (IBNS). It is reported that in one instance this was for mortgage ...
5 votes
1 answer
3k views

What crime is committed by deliberately passing off foreign coins as local?

Some countries have coins that are similar at a glance to those of another country. For example, the American and Canadian one cent coins are both copper-colored and are similar in size; while it does ...
1 vote
2 answers
258 views

Would destroying rupees be an international offense?

In the Bill No. 174 of 2023 - "THE BHARATIYA NAGARIK SURAKSHA (SECOND) SANHITA, 2023", it is stated that: "Mischief causing loss or damage to any property or fine, or both, including ...
4 votes
5 answers
1k views

Borrowing from a relative or friend without documentary evidence — is it money laundering?

Suppose a person borrows money from a relative or friend, say, 10 million USD, without documentary evidence — the transaction is purely based on trust and cultural norms. If the borrower invests the ...
0 votes
1 answer
353 views

Is it legal for an American citizen to obtain BRICS currency and then exchange those bills for U.S. dollars sometime in the future?

I would like to know if it is legal for an American to go to a foreign exchange bank in their area, exchange a certain amount of U.S. dollars to obtain the bills of the foreign currencies of the BRICS ...
3 votes
0 answers
56 views

Is theft of virtual currency prosecutable?

My friend and I play a virtual game called Second Life. In this game there is virtual currency called Linden dollars that you can either earn within Second Life from other players through virtual ...
6 votes
1 answer
1k views

Can you initiate a lawsuit against Russia in the United States to recover seized assets?

Ever since the start of the Ukraine conflict in 2022, Russia has halted payments to international creditors and individuals holding assets like stocks. Is it possible for an average person who happens ...
4 votes
2 answers
637 views

Do any USA states require accepting US cash for payment of goods or services?

According to the United States Federal Reserve: There is no federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or ...
0 votes
2 answers
103 views

What makes a car not a “negotiable” chattel?

Another answer contrasts negotiable instruments like currency with the example of a car where a thief of the car doesn’t “own” the car and cannot transfer ownership. What is it about a car that makes ...
0 votes
1 answer
107 views

In a contract what is the clearest way to state which country's currency is being used? Why is there so much variation to these terms?

I noticed in written contracts there are various ways to state which currency is to be used for money. What is the difference between 'legal tender' and 'lawful money'? Is it more clear just to say '...
2 votes
5 answers
477 views

Assuming a one trillion dollar coin exists, and is stolen, is there are sequence of events that could lead to someone legally owning it?

A funny (and seemingly legal, if absurd) proposal during the current debt ceiling debate is to mint a one trillion dollar platinum coin and deposit it with the Treasury to reduce the debt below the ...
-1 votes
1 answer
364 views

Is it legal to sell money? [duplicate]

Is it legal to sell money for a profit in the United States? For example: Selling 100 rolls of pennies for $100 ($50 profit) Selling 1,000 rolls of quarters for $12,000 Selling 1,000 dollar bills for ...
2 votes
2 answers
762 views

A Penny for Your Thoughts: Can You Evict a Tenant for Paying Rent in Pennies?

A friend of mine owns an apartment complex in NJ (USA) with multiple rentable units and is having difficulty with a particular tenant who insists on paying his rent in coins (pennies, nickels and ...
21 votes
3 answers
14k views

Is it legal to physically wash money?

I have some money that fell in a mud puddle. It got really dirty, and I don't want to put it in my wallet as it currently is. Is it legal to wash the money?
8 votes
3 answers
621 views

Can a restaurant in Germany refuse service without a tip?

So I live in Germany, and there is a restaurant about 10 minutes away from my house. I often order from there but now much less. Delivery times can vary from 1 hour to several hours… I just noticed on ...
4 votes
3 answers
503 views

What is the legality of two (or more) trade partners trading (i.e. billing) each other in a mutually agreed units of exchange

Assuming that company A (based in say, the US), wants to trade with another company (B say), based in say, Germany (or anywhere else in the world). Assuming that these two companies have agreed to ...
1 vote
3 answers
433 views

Is it legal to sell currency at a price lower than face value?

Here is something that I thought would make a fun PR stunt to promote my business. I stand on the corner of a busy street corner in San Francisco, or any large city, dressed well, say in a business ...
4 votes
1 answer
341 views

Under what authority can the US make federal reserve notes legal tender?

By what constitutional authority does the US have to make these legal tender. I can see in the constitution that the US can coin money, but the right to make legal tender is given to the states and ...
12 votes
5 answers
6k views

If I quit, can my employer claim back pay that was agreed to but not included in our written contract?

About a year ago I started a job, my contract for it says: Pay and Expenses The Employee will be paid £9/hr in arrears. Salary may be increased at the direction of The Employer subject to The ...
2 votes
3 answers
11k 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 ...
8 votes
1 answer
2k views

Can a creditor refuse to accept a $2 FRN because he doesn't think they exist?

Like all Federal Reserve Notes (FRNs, aka "bills" or "cash"), the $2 FRN is "legal tender for all debts, public and private." However, a lot of people don't know about ...
10 votes
3 answers
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 ...
4 votes
2 answers
403 views

Is it legal to buy unfit currency for less then face value

I currently have a business idea that I’m wondering is legal or not. I live in the United States if I go to a foreign country and buy USD bills that have been buried and are presumed unfit. BOA and ...
3 votes
2 answers
288 views

Why isn't a casino forced to return funds lost by an embezzler?

If person A steals something, say a bicycle, and sells it to me (I have no knowledge that the bicycle was stolen) the law says I must return the bike to its rightful owner without any compensation - ...
0 votes
0 answers
95 views

Is it legal to create your own currency in the EU?

In the European Union, and more particularly in France, is it legal for an association to create its own private currency?
1 vote
1 answer
1k views

How to lend money to a friend in Germany with the possibility to enforce return if he doesn't pay back?

I hope the title itself is clear. I want to lend money to a friend, are there any legal ways that I can make some sort of a 'contract' for the return? What is the most practical way?
1 vote
0 answers
84 views

Is it legal to hand over fake money during a robbery? [duplicate]

I am wondering whether it is legal to hand over fake money during a robbery or another crime. For instance handing over fake money as payment for a kidnapping or blackmail.
1 vote
2 answers
234 views

Are gift cards considered currency or an object?

In the eyes of the IRS, are gift cards viewed as an object or as currency? Like if I were to accept gift cards as payment for items I sell in an online store, am I accepting dollars or am I trading ...
1 vote
3 answers
2k views

Is it legal to commercially sell U.S. currency for LESS than its face value

While wasting time on Facebook I ran across this advertisement: "Get your hands on a $2 Bill in uncirculated condition for only $1" In the back of my head, something's telling me it isn't ...
0 votes
3 answers
196 views

Move money from Germany to Spain

I want to move money I earn working in Germany to Spain, where I am from. What should I take in account or be carefull to do during this transaction? I dont kow the minimum amount of money which I ...
4 votes
2 answers
2k views

Can someone deny cash as the payment method?

There are a few restaurants in my area where cash payments are not accepted. They only accept electronic payments such as credit cards, local debit cards, etc. Is this legal? On most currencies, it is ...
2 votes
1 answer
59 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 ...
2 votes
2 answers
549 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 ...
0 votes
2 answers
210 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 ...
11 votes
1 answer
3k views

Do legal tender laws prevent "no cash" restaurants?

This story about restaurants that only accept electronic payment set me wondering. I know that under legal tender laws a business can set a policy on what forms of payment it will accept, but that ...
0 votes
1 answer
69 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 $...
2 votes
1 answer
206 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 ...
3 votes
2 answers
131 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 ...
1 vote
1 answer
123 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 ...
2 votes
3 answers
583 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 ...
0 votes
1 answer
447 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 ...
5 votes
2 answers
225 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 ...
-1 votes
1 answer
106 views

Images of real coins used as "rewards" in games

There are some educational math "games" for androids targeted at pre-highschool students. Since their goal is to make learning fun, they some times include rewards which are visually ...
7 votes
1 answer
5k views

Do public schools have the authority to fine parents money for being late?

My friend has a child in elementary school, and he goes to a public school. Apparently, at the end of the school day, if the parents are late picking up their kids, the school charges them $10/minute ...
1 vote
3 answers
330 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 ...
3 votes
3 answers
6k views

Does the government have to accept cash for taxes?

If a government entity assesses a tax, does that entity have to accept cash and/or coins, or can they refuse such payments and demand check or card? Assume that it is perfectly normal to pay this tax ...
22 votes
4 answers
6k views

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, ...
2 votes
1 answer
151 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 ...