Post
Topic
Board Beginners & Help
Re: List of Legal and Illegal Nations.
by
Xephan
on 21/07/2011, 18:34:57 UTC
In the US, there are laws defining money and regulating its use.  Bitcoin is a money there by definition because it is used as money (almost anything can be used as money), but it isn't legal for several reasons.  One reason is that legal money in the US must be denominated in a US Dollar value with a minimum value of 1 USD.

So it's actually illegal to conduct any transaction in the US using any foreign currency that's less than 1 USD in actual value? Like say Japanese Yen or India Rupees?