Sentences with phrase «coins are legal tender»

It is our understanding that only currency notes and coins are legal tender.

Not exact matches

Intended only as a collector's item, the digital coins won't be issued with a view to entering into circulation and can't be used as legal tender, the bank said.

FinCEN's regulations define currency (also referred to as «real» currency) as «the coin and paper money of the United States or of any other country that [i] is designated as legal tender and that [ii] circulates and [iii] is customarily used and accepted as a medium of exchange in the country of issuance.»

The FINCEN definition of currency: The coin and paper money of the United States or any other country that is (1) designated as legal tender and that (2) circulates and (3) is customarily accepted as a medium of exchange in the country of issuance.»

On February 25, 1862, the Greenbacks were made legal tender for all public and private debts, replacing the Treasury notes that had been redeemable in coin since 1812.

Also acceptable are minimum.9995 fine platinum legal tender bullion coins such as the Australian Koala, Canadian Maple Leaf, Isle of Man Cat, and Isle of Man Noble.

2 stating «Bitcoin and other virtual currencies are distinct from «real» currencies, which are the coin and paper money of the United States or another country that are designated as legal tender, circulate, and are customarily used and accepted as a medium of exchange in the country of issuance.»

We know it wasn't bank printed notes and we know it wasn't the legal tender or monetary coin held by the banks so, what was it?

Thereafter the old pound coin will no longer be legal tender.

Should a soda machine be compelled to accept $ 100 bills or $ 20 legal tender gold coins?

May be not as specific, but no official legal tender coin is struck without a law approving it.

As well, only legal - tender coins produced by the Royal Canadian Mint are eligible for RRSP gold investing.

Upon further reflection you spelled it «cheque» which means these coins are not legal tender for you.

As well, only legal - tender coins produced by the Royal Canadian Mint are RRSP - eligible.

As well, only legal - tender bullion coins produced by the Royal Canadian Mint are RRSP - eligible.

Treasury notes had full legal tender status and were not convertible into gold through the Bank; they replaced the gold coin in circulation to prevent a run on sterling and to enable raw material purchases for armament production.

A new # 1 coin, dubbed the most secure coin in the world, has become legal tender in Britain today, but it won't be in full circulation for a few weeks.

The firm also partnered with The Big Give, a non-profit, charitable website, which match funded # 1,052 after employees were encouraged to donate old # 1 coins before they ceased to become legal tender last October.

Are silver dollars (Morgan / Peace) legal tender coins or just collectible items?

Foreign gold or silver coins are not legal tender for debts.

Title 31 (Money and Finance), Subtitle IV (Money), Chapter 51 (Coins and Currency), Subchapter I (Monetary System), Section 5103 (Legal Tender) of the United States Code states: 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, publCoins and Currency), Subchapter I (Monetary System), Section 5103 (Legal Tender) of the United States Code states: 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, publLegal Tender) of the United States Code states: 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, publcoins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, publlegal tender for all debts, public...

In some environments, it operates like «real» currency — i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance — but it does not have legal tender status in any jurisdiction...... Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as «convertible» virtual currency.

Regulators are not just concerned with the blurring lines between trades of traditional legal tender and cryptocurrency, but also the outpouring of investment into ICOs, alt coins, and funds away from IPOs and traditional investments.

cryptocurrencies to be «legal tender,» excluding all but Canadian bank notes and coins from that definition.

It differs from digital coins in that it's regulated and legal tender by a government, so its value typically relies on the market of supply and demand.

«In some environments, virtual currency operates like «real» currency - i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance - but it does not have legal tender status in any jurisdiction.

In some environments, virtual currency operates like «real» currency — i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance — but it does not have legal tender status in any jurisdiction.

Over the past year the Japanese FSA has recognised Bitcoin as legal tender, and authorised 11 companies to operate cryptocurrency exchanges, some of which will be handling a variety of coins including Bitcoin, Ether and Litecoin.

Some tokens are published on coin exchanges, allowing them to be bought, sold and traded for legal tender or other cryptocurrencies.