Questions tagged [currency]
For questions directly relating to currency, its use and legalities - not just when currency is involved
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 '...
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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 ...
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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 ...
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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 ...
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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?
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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 ...
Jimmy
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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?
user33846
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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?
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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 - ...
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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.
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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 ...
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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 ...
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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