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Legal_Tender_Status
Assess whether any cryptocurrency has been granted official legal tender status by the government, meaning it must be legally accepted for the settlement of all debts.
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Possible Values
Status values that can be assigned to this topic
| Value | Definition | Order |
|---|---|---|
| Legal Tender | At least one specific cryptocurrency (e.g., Bitcoin in El Salvador) has been officially designated by law as legal tender within the jurisdiction. Creditors are legally obligated to accept it for the settlement of debts. | 0 |
| Not Legal Tender | No cryptocurrency holds official legal tender status. While cryptocurrencies might be allowed for payments (if permitted by other regulations), their acceptance for settling debts is not legally mandated. | 1 |
| Unclear | The legal status regarding cryptocurrency as legal tender is ambiguous, lacks definitive official pronouncements, or is subject to ongoing legal/political debate without resolution. | 2 |
Latest Analyses
Countries analyzed for Legal_Tender_Status