Is it legal in the US to open for example a restaurant that can only accept Bitcoin as payment?

My uncle has a bakery and he initiated this question what if we accept both cash and crypto? Then this question came into my mind what if we "only" accept Bitcoin?

I remember a long time ago a person told me as a fact that businesses in the US can not deny cash/card payments but I might misunderstand.

I am sure someone has asked this type of question before but I just wanted to also know more details about which law exactly will be violated if such a thing is illegal.

Also would a restaurant (physical entity) and an "online business" make any difference?



Submitted October 09, 2022 at 05:59PM by cyrusIIIII https://ift.tt/4gF2KOy

Comments

Popular posts from this blog

No, Bitcoin is not controlled by a small group of investors and miners (A rebuttal to the TechSpot article)

Day 9: I will post this guide regularly until available solutions like SegWit, order batching, and Lightning payment channels are mass adopted, the mempool is empty once again, and tx fees are low. Have you done your part?