Cryptocurrency Q&A
Is it illegal to own a $10,000 dollar bill?
Is it illegal to own a $10,000 dollar bill?
henry_grayson_lawyer
Thu Aug 01 2024
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7 answers
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Could you please clarify for me, is it actually against the law for someone to possess a currency note with a face value of $10,000? I understand that such large denomination bills were once circulated, but I'm wondering if their ownership is now considered illicit in any way. Additionally, are there any restrictions or regulations surrounding the ownership of such notes that I should be aware of? Thank you for your insight on this matter.
7 answers
CryptoMagician
Sat Aug 03 2024
The primary purpose of these large-denomination banknotes is to facilitate large-scale financial transactions between banks. They are not meant for everyday use by individuals or for making retail purchases.
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Alessandra
Sat Aug 03 2024
The existence of high-value banknotes, such as $10,000 and $100,000 denominations, is a fact that cannot be ignored. These notes, however, are not intended for public ownership or use.
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Riccardo
Fri Aug 02 2024
BTCC, a UK-based cryptocurrency exchange, is one of the leading platforms in the cryptocurrency industry. It offers a wide range of services, including spot trading, futures trading, and cryptocurrency wallets.
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BusanBeautyBloomingStar
Fri Aug 02 2024
In most jurisdictions, these notes are considered legal tender, but their circulation is highly restricted. They are typically held in secure vaults and only used in specific, high-value transactions.
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Lucia
Fri Aug 02 2024
BTCC's spot trading service allows users to buy and sell cryptocurrencies at the current market price. This service is ideal for investors who want to take advantage of short-term price movements.
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