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A comment on Cryptocurrencies are collapsing. Parent comment
That's not what legal tender means in the UK and the misunderstanding causes some problems.
If I have a debt, and I attempt to pay in legal tender, and my creditor refuses to take it, I can say I've discharged the debt.
It has no use, in the UK, when I'm buying stuff in a shop.
http://edu.bankofengland.co.uk/knowledgebank/what-is-legal-t...
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That's not what legal tender means in the UK and the misunderstanding causes some problems.
If I have a debt, and I attempt to pay in legal tender, and my creditor refuses to take it, I can say I've discharged the debt.
It has no use, in the UK, when I'm buying stuff in a shop.
http://edu.bankofengland.co.uk/knowledgebank/what-is-legal-t...