Do I have to repay any debt if a digital currency becomes worthless?

3 answers

• Omkar JogadandeAug 11, 2020 · 5 years ago
  If a digital currency becomes worthless, you may still be responsible for repaying the debt depending on the terms of the loan or agreement. It is important to carefully review the terms and conditions to understand your obligations. In some cases, lenders may require repayment in a specific currency, regardless of its value. It is always recommended to seek legal advice if you are unsure about your obligations.
  415

  208
• MacKenzie BrantleyOct 02, 2024 · 9 months ago
  Well, it depends. If the debt is denominated in a specific digital currency and that currency becomes worthless, you may not be required to repay the debt. However, if the debt is denominated in a different currency or if there are other contractual obligations, you may still be responsible for repayment. It's important to carefully review the terms of your agreement and consult with a legal professional if you have any doubts.
  431

  144
• Crabtree PilegaardOct 30, 2021 · 4 years ago
  As an expert in the field, I can tell you that if a digital currency becomes worthless, you may still have to repay the debt. It ultimately depends on the terms of the loan or agreement you entered into. Some lenders may require repayment in a specific currency, regardless of its value. It's always a good idea to carefully review the terms and seek legal advice if you have any concerns. Remember, it's better to be safe than sorry!
  434

  109