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This can be explained further with the help of two examples: (i) If a person owns Indian rupee notes worth Rs. 500 and everyone stops accepting the currency, he can always go to the Governor of the RBI and claim Rs. 500 from him, however.
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My legal obligation to pay for the shoes is fulfilled. On the other hand if I pay for those shoes with Bitcoins then unless flipkart voluntarily accepts payment in Bitcoin, as digital cryptocurrency exchange soon as I give trade finance cryptocurrency flipkart currency notes or coins worth Rs. 500,
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