Sentences with phrase «legal tender»

While bitcoin isn't recognized as legal tender in the country, many retailers have already begun accepting the cryptocurrency as payment.

The watchdog based its decision on the fact that it does not consider digital currencies to be a substitute for money, as they are not legal tender in the country.

A check is not legal tender for debts public and private.

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

In particular, virtual currency does not have legal tender status in any jurisdiction.

As such, they are not considered legal tender in the country.

If the contract doesn't specify specific payment methods then then legal tender laws means the landlord must accept cash as payment.

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.

After all, taxation means cryptocurrencies become legal tender in the eyes of most people.

It was slightly disgusting, but still legal tender as far as I can tell.

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

The dollar is accepted as legal tender throughout the world.

They may not be legal tender yet, but they're also not backed by any sort of physical commodity.

«It is not a stable source of value, and it doesn't constitute legal tender,» she told reporters at her last press conference as leader of the central bank.

He will cost you money, actual legal tender.

For this reason, it is important that a digital currency is stable just as the same case applies to regular legal tender.

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

In the latter case, the issue then becomes how best to change legal tender into Bitcoins.

The government doesn't plan to adopt bitcoin as Chinese legal tender, but it definitely is investing in official bitcoin regulation.

It does not have legal tender status in any jurisdiction.

This enthusiasm would explain the Indian government's concerns, given its refusal to recognise cryptocurrencies as legal tender and warnings against investing in them.

Cash is legal tender for all debts public and private which means the university can not refuse.

Virtual currencies aren't considered legal tender and banks are banned from holding and distributing them.

There may be legal tender laws, but I can tell you that there would be fights over things like this.

The government noted that the odds of bitcoin becoming legal tender are rather low because the virtual currency is currently used for illicit transactions and drug deals in different regions of the world.

The agency also said cryptocurrencies are not legal tender and highlighted the risk posed by bitcoin's anonymity.

Visit a village where stone money is still legal tender.

Handle money and other forms of legal tender in compliance with established procedures.

Australia has now recognized Bitcoins as legal tender of Money.

Bitcoin is definitely not a fiat currency with legal tender status in any jurisdiction.

These Fractional Gold Maple Leafs also have a corresponding legal tender value of $ 20, $ 10, $ 5 and $ 1 Canadian Dollars.

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.

The Marshall Islands is ready to develop the only legal tender issued as a cryptocurrency asset in the world.

According to a report by South China Morning Post, Yao Qian, who leads cryptocurrency research for China's central bank, explained the importance of introducing digital legal tender at a forum in Beijing, Saturday.

Using fiat currency means you use everyday legal tender such US Dollars, Euros or your local currency to purchase Ether from verified sellers.

«The end - game solution is that central banks will be able to use legal tender issued on the blockchain, with all the checks and balances you'd have with regulated financial institutions,» Bitt co-founder Oliver Gale said of the project.

She reminds us that all currencies, including fiat, which is declared legal tender by a government, are vulnerable to changes in public confidence, stating that «value — like beauty — is in the eye of the beholder.»

Pennies are no longer legal tender in the US (you can't pay your debt in pennies u less the lender is willing to take them)... and my understanding is that Canadin pennies are no longer even currency, just decorative metal circles (a move which the US should probably copy).

, can be exchanged for legal tender like US dollars.

They claimed, for example, to offer a debit card backed by Visa and MasterCard that would allow users to instantly convert hard - to - spend cryptocurrencies into U.S. dollars or other legal tender.

Japan has been on the cutting edge of Bitcoin infrastructure ever since the digital currency was recognized as legal tender back in April.

Japanese authorities recognized bitcoin as legal tender last April and require cryptocurrency exchanges to register with the government.

The Mint refused to grant the coin the dignity of becoming a low circulated collectible like its cousin the half - dollar and announced it will begin withdrawing them from circulation in the fall, though the one - cent piece will remain legal tender and retain its value indefinitely.

I'm not saying what Kim done was right, the point I'm trying to make are to make these currencies a nationwide legal tender if we're going after those who steals it.

The U.S. Treasury said the same thing on the lawfulness of retailers refusing legal tender at point of sale - retailers are allowed to refuse any denomination of U.S. currency:

Supreme Court relies on legal tender laws saying that Congress could define money as it chose.

Unlike the U.S., Germany will regard bitcoin as equivalent to legal tender when used as a means of payment, according to a new government document.

On October 30, Huobi.Pro announced upcoming launch of Over-the-Counter operation to support peer - to - peer trading between legal tender against cryptocurrencies.

Marshal Islands has become the first ever country to create its own legal tender cryptocurrency.