Re:El Salvador to adopt Bitcoin as legal tender
by Macha on Saturday June 05, 2021 @09:19PM
(#27409893)
This isn't inherent in the definition of legal tender, for example large denomination paper notes (100/200/500 euro) are often rejected for fraud risk despite being legal tender, and the latter two ceased printing because legal vendors so rarely accepted them meant that illegal activity was a high proportion of their use.
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Re:El Salvador to adopt Bitcoin as legal tender
by mytherin on Saturday June 05, 2021 @10:35PM
(#27410251)
The keyword is “debt repayment”. You don’t owe a vendor money until you purchase a product. They are fully within their rights to refuse to sell you a product for any reason, including how you wish to pay for it. On the other hand, a bank cannot refuse a loan repayment because it is made in 500 euro bills.