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 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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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 ...
Lisa Estrada
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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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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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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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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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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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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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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 ...
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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 ...
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Is it legal for a restaurant to limit the amount of a certain type of bill?
The restaurant I work for has started a new policy that a server's bank (cash payments made by guests that I owe the store) may only turn in a maximum of $20 in one dollar bills. I had an issue with ...
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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 ...
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If I lent someone some high amount of money, can I own his house if he does not pay?
Lets say I lent someone a hundred thousand worth of dollars, and that was in 2000. On the contract that we signed, I stated that I can take anything from his belongings to be mine, if I deem it as of ...
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Can Amazon pull money from me?
Suppose I add my credit card to Amazon AWS service billing.
Suppose that some hacker interacts with my domain at Amazon in such a way to make me owed $1000 or $10000 to Amazon (deliberately to harm ...
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Is social security constitutionally protected public debt?
Section IV of the 14th Amendment to the US Constitution says "The validity of the public debt of the United States... shall not be questioned."
The Social Security trust fund is currently projected ...
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I have multiple Gift Cards for a retailer but they refuse to let me apply more than one per order. Is this legal?
We were recently given a couple dozen gift cards from multiple web sites, but as far as I can tell the same parent company (website design is the same, about us page is the same etc.).
I've already ...
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Does an alchemist have a duty to disclose if they transmuted their gold?
If a person were to discover a method to transmute lead into gold easily, would they be required by law to disclose this information when selling it or exchanging it for currency?
The method used ...
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If someone gets money from a crime such as selling drugs, and then gives the money away, does the person who receives it own it legally?
If someone gained money illegally but in a way that they were not directly stealing it from someone (such as selling drugs or illegal weapons), and then they give the money away to a friend or ...
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Why is the Federal Reserve allowed to "coin Money" and define exchange rates?
According the to United States Constitution Article 1 Section 8,
The Congress shall have Power To coin Money, regulate the Value thereof, and of foreign Coin, ...
But it is the Federal Reserve, ...
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Legal to mine bitcoin when on U.K. benefits?
I am a uk citizen lining in England who is currently on ESA benefits since I cannot work at the moment.
I understand that I am only allowed a certain amount of money in my name at a time and if I ...
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What defines a separate visit when getting beverage container recycling refunds on a per-container basis instead of by weight?
I read on http://www.calrecycle.ca.gov/BevContainer/Consumers/CashingIn.htm (mirror), regarding getting beverage container recycling refunds on a per-container basis instead of by weight in ...
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do money and virtual coins have the same laws?
Virtual coins are hot and the trend is settling in, many website are starting to create their own virtual currencies that can be used on their own website.
What laws apply on these coins, are they ...
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Are identifiable cryptocurrency miners helping crime?
Say there is a cryptocurrency whose issuers use electronic signatures issued by the government to prevent Sybil attacks (identity forging) to the voting mechanism when new currency units are created. ...
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Can you run a Patreon and collect money on behalf of someone else?
Say a guy creates a Patreon for his brother who is a video game designer. A lot of people love his games and he's popular in the community. The guy does not imitate his brother, but instead claims ...
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Hypothetical: Is a fully disclosed pyramid scheme legal?
I see that hypotheticals don't typically go over to well on this SE site but I'll give this a shot.
EDIT: I originally posted as 'Ponzi' but I meant 'pyramid'
Was talking with a friend tonight about ...
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Are silver dollars legal tender?
Are silver dollars (Morgan/Peace) legal tender coins or just collectible items?
Is a fake Morgan/Peace dollar counterfeit currency?
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How can a US agency refuse to accept certain US banknotes?
It has just come to my attention that the US embassy in Bern, Switzerland, accepts US dollars for the payment of passport fees only if the notes were after 2006:
U.S. Embassy Bern
Payment Options:
......
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