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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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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115 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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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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78 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
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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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How much change must taxi drivers in Thailand carry?

I wonder whether Thai law stipulates how much change taxi drivers in Thailand must carry. For example, if the taxi passenger gives a 100 THB banknote to the taxi driver for a 35 THB ride, can the ...
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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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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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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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Is this considered fraudulent?

Someone I know kept a bank account hidden and different accounts and credit cards, for which she supplied a false address. The address in question was that of a friend's house. The bank account was ...
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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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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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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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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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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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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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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
113 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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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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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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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
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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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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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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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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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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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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
155 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
134 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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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?
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Bank is not depositing my promotion bonus

I opened a bank account in response to a promotion in a big bank (I'm in the US). Originally it was saying "if I keep my money (50K) for 60 days, I get $600". The agent at the branch didn't say ...
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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 ...
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Tax law and holding accounts (like Kickstarter)

Kickstarter is a simple example to highlight the question. Let's say I'm Kickstarter's malformed cousin Rickstarter and someone is raising 100k for a project between November and April on my site. ...
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Receiving a product after getting a refund [duplicate]

Last week I ordered 2 kits of impact drivers due to the unbelievably low price. The product was discounted from 300EUR to 100, so I bought 2 of them. Next day I received an email from the company, ...
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635 views

How can a cash sale result in a voidable title?

§ 2-403. Power to Transfer; Good Faith Purchase of Goods; "Entrusting". Please look at the statute above. It is fairly short. There is a link to it here: https://www.law.cornell.edu/ucc/2/2-403 I am ...
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Why do websites which “store” money not show the actual currency, but as tokens/credits etc.?

I've seen some sites which you give money to (like pokerstars, bet365) but unlike those sites, they display the money as Tokens/Credits. One such site is woduels, their currency is WD tokens. Is ...
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What consequences does a business face if money taken and also misapplied?

As a customer, I made a payment with my debit card for a monthly bill I have each month. The amount sometimes changes so I asked for a amortization of payments. After reviewing I noticed 2 big errors. ...
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Mental Capacity of family member with means

I have a family member who has over the last few years made quite a lot of money. Recently he has been diagnosed with bi-polar. He is ATM off his meds and is currently on a 'high' and spending a ...
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Breach of fiduciary duty for poor management of endowment?

If the board of trustees of a private university keeps investing the endowment through an expensive firm run by their friends, despite substandard performance, could a case be made for breach of ...