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> Newspapers are writing interviews with merchants who (illegally) have stopped accepting cash, even though it's legal tender. That's legal. https://www.federa
by ceejayoz 1y ago
> Newspapers are writing interviews with merchants who (illegally) have stopped accepting cash, even though it's legal tender.
That's legal. https://www.federalreserve.gov/faqs/currency_12772.htm https://www.federalreserve.gov/faqs/currency_12772.htm
Legal tender applies only to debt/creditor relationships.
- Tor3 1y agoThe USA is not all the world. The US rules don't apply in other countries. Rules differ. In many countries _businesses_ have to accept legal tender. Including in my own. That's why it's such a big deal when businesses actually still refuse cash.
- ceejayoz 1y agohttps://en.wikipedia.org/wiki/Legal_tender https://en.wikipedia.org/wiki/Legal_tender > Legal tender is a form of money that courts of law are required to recognize as satisfactory payment in court for any monetary debt. A country may separately require businesses to accept legal tender, if they feel like it. https://en.wikipedia.org/wiki/Legal_tender#Status_by_country https://en.wikipedia.org/wiki/Legal_tender#Status_by_country would appear to indicate this distinction is very common in the developed world.