Cryptocurrency Q&A
Why is burning currency illegal?
Why is burning currency illegal?
Silvia
Tue Nov 05 2024
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7 answers
1438
I heard that burning currency is illegal, but I don't understand why. Currency is just paper, why can't I burn it if I want to? I'm curious about the reasons behind this law.
7 answers
Stefano
Thu Nov 07 2024
Mutilation and defacement are actions intended to Render currency unfit for reissue.
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ZenBalance
Thu Nov 07 2024
By burning money, one is effectively destroying its integrity and usability.
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CherryBlossomBloom
Thu Nov 07 2024
The legal framework in the United States does not explicitly mention the act of "burning" currency.
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Andrea
Thu Nov 07 2024
Therefore, under the relevant statute, burning money in the U.S. could be considered illegal.
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benjamin_brown_entrepreneur
Thu Nov 07 2024
This is particularly true if the act is done with the intent to deface or destroy the currency.
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