Questions tagged [currency]
For questions directly relating to currency, its use and legalities - not just when currency is involved
127
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KYC (Know Your Customer) Verification Between Two Businesses
I want to add a payment service to an existing business which has already verified its customers (id, proof of address). The service is not like Stripe, because they only abstract the connection with ...
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1
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Is it legal to give non cash tips to waiters and other servers and what are the consequences in terms of taxes?
I wasn't sure I should ask this under Law or Personal Finance & Money. I was wondering what the rules are regarding non-cash tips in the United States. By non-cash tips, I do not mean using a ...
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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 ...
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Can an employer force an employee to donate to a charity?
Can an employer force an employee to donate to a charity and is it legal that they know how much an employee contributes? This is in the U.S. with a large global corporation.
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Is the estate I administer entitled to money after foreclosure of a destroyed house?
I am the administrator of an estate in upstate New York. Unfortunately, there is effectively no money in the estate which would allow me to hire a lawyer, so I'm hoping you folks can help.
By the ...
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Can restaurants call cops on customers who leave fake "Jesus money" as tip?
I've been reading that in the US there's a thing where certain kinds of people leave fake bills with just a corner showing just the dollar amount and the rest hidden under a napkin or peeking out of ...
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1
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244
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Is the use of a community currency instead of the official legal tender a tax evasion?
Let's say that a cult of weirdos run off and buy some land in the middle of nowhere, they establish a company to buy this land and maintain it's payment; they setup their own government, tax their ...
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2
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470
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Is it legal to use counterfeit money as defense against burglars and robbers?
I have produced small amounts of counterfeit money, I keep this in a few wallets in a few rooms in my house. When going outside I always have one such wallet with me in case I get robbed. Is using ...
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3
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156
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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 ...
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Any obligation to return an accidental second payout?
According to the Federal Trade Commission (FTC), if you receive an item you did not order - it should be considered as a gift - and you are not obligated to pay for it - or return it.
Question is, ...
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124
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Do I need to register as a Money Service Business for a cryptocurrency trading platform?
According to the U.S. Department of Treasury FinCen: Money Service Business Definition. The term "money services business" includes;
any person doing business, whether or not on a regular basis or ...
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4
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463
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Paid in Bitcoin - Company can't deliver and wants to return money in other currency
For about one month I ordered something at a company and paid in bitcoin (0.015Ƀ). The value at that time was about 25$
The company confirmed that they received the payment.
Unfortunately they can't ...
user9886
4
votes
1
answer
577
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Exploiting a bug in bitcoin is unethical, but is it illegal? [duplicate]
Suppose I found a bug in bitcoin or any other cryptocurrency that allows me to create as many coins as I want. What would be the legal implications in jurisdictions like:
USA
Europe (UK, Germany, ...
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4
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1
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376
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Legality of secretly micro-chipping coins?
In the UK, we are less than a week away from the new £1 coin coming into circulation, which has been billed as 'the most high-tech coin in the world'.
In an effort to reduce counterfeit, they have ...
4
votes
1
answer
397
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How does the Bank Secrecy Act affect normal law-abiding citizens?
The Bank Secrecy Act of 1970 was designed to detect money laundering by organized criminals. Among other things, it requires banks to report large currency transactions in excess of $10,000 to the ...
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In Germany, is there a reward for reporting possible tax fraudsters or money launderers to the authorities?
I could well be wrong and I don't want to go into specifics here, but...
Let's assume I know of a business that in reality generates a few hundred thousand euros in revenue and yet shows a P+L with ...
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1
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What are the relevant U.S. laws that cover businesses that disburse cash?
I'm interested in starting a business that sends customers rolls of quarters (and maybe at most 1-2 per week at most), e.g. for paying for laundry washing and drying machines. I'd like to be able to ...
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Is exchanging Indian currency at premium legal?
Is exchanging/selling Indian currency notes, like the ones which have special sequences numbers or are extra old (antique), at premium legally allowed?
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4
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1
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228
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Is defacing currency such as coins illegal?
So on reddit today I saw this quarter that was artistically carved and made into a necklace/medallion. I've also seen people that create rings out of quarters and not to mention those penny-pressing ...
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1
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718
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Is a school legally required to accept pennies as payment?
At my public high school in Florida, Seniors are required to pay for parking in the Senior parking lot.
There is a student who doesn't like that he has to pay, so in order to spite them he went to ...
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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 ...
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votes
0
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67
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Bitcoin service regulations
Most governments don't consider Bitcoin to be currency, so it's somewhat of a legal gray zone regarding regulation. I know most exchanges must follow KYC/AML systems because they trade with fiat too, ...
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2k
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Is it legal to earn money via selling online currency (videogame)?
(Europe/Netherlands)
Let's say I'm a World of Warcraft or Runescape player, in these games there are certain prices for gold, for example a X amount of ingame Runescape money might be worth a Y ...
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4
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Which country's laws apply to a gambling website?
I´m thinking of starting a Gambling site based on Steam Skins currency. This would transfer to virtual currency and the skins deposited to private profiles. The problem here is that I wonder if I´m ...
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1
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105
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Would currency from another dimension be considered counterfeit? [closed]
This is, of course, entirely hypothetical. We are assuming that the currency is otherwise identical to the currency of the country in question. While I am open to the legal implications for the ...
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3
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173
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Does Paypal have the authority to charge for currency conversion?
Paypal charges somewhere around 4% to convert US dollars to Aussie dollars when they pay me. What is this fee for? All conversions are computerised now. I have written them and they don't respond. To ...
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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 ...
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