Definition ∞ Legal tender status is the official recognition by a government that a particular form of currency must be accepted as valid payment for all debts, public and private. This designation grants a currency universal acceptance within its jurisdiction. It underpins public confidence and economic stability.
Context ∞ The question of legal tender status is a central point of discussion for central bank digital currencies in news and policy debates. Granting a CBDC legal tender status would ensure its widespread adoption and reinforce its role as sovereign money. This decision carries significant implications for payment systems and monetary policy.
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