Cryptocurrency Q&A
Can you legally pay in all pennies?
Can you legally pay in all pennies?
alexander_jackson_athlete
Thu Oct 24 2024
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5 answers
1117
I was wondering if it's legally acceptable to pay for something using only pennies, considering that they are still considered legal currency.
5 answers
CryptoLordGuard
Sat Oct 26 2024
The Coinage Act of 1965 is a federal law in the United States.
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Michele
Sat Oct 26 2024
According to this act, coins and cash are recognized as legal tender.
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Raffaele
Sat Oct 26 2024
This means they can be used to settle all debts, public charges, taxes, and dues.
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noah_wright_author
Fri Oct 25 2024
Despite this legal status, the federal government does not dictate what forms of payment private entities must accept.
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CosmicDream
Fri Oct 25 2024
BTCC, a leading cryptocurrency exchange, offers a range of services.
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