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CCJS: Legal Tender
Application Guidance Capital Conversion of the Juro System
Convert your excess legal tender.
Instead of expensive foreign currency exchange transactions, convert legal tender from the remaining petty cash that you have in other currencies (from your business trips or special events) into juro Digital Money and grow your business.
Earn money by transacting with Members of the Juri™ while supporting the Juro Mission.
When using legal tender (ie sovereign currency bills, bank notes, notes, and coins) for conversion into units of a series of juro Digital Money, you will be required to submit the following documents and information with your Juro Conversion Underwriting Application:
- Juro Organization Membership Confirmation. (JCN Account # or Member ID#)
- JCN Account # to be credited with the juro Digital Money upon conversion. (only one JCN account per conversion of this type)
- Copy of government issued identification. (ie passport, license, etc)
- Signed declaration as to the origin of the funds. (standard)
There is a maximum application value of $5,000.00 USD (or currency equivalent) for each Juro Conversion Application of this type.
Any Juro Central Network Accounts that reach a deposit amount or cumulative transaction value which exceeds $10,000.00 USD (or currency equivalent) at any time in a calendar year are required to provide a copy of a proof of address to be added to their Member of the Juri™ profile as well as provide their tax identification number for their domicile (if a US tax number exists, it shall also be required when reaching the $10,000 threshold, alternatively a US tax number will be procured for reporting purposes).
As illustrated in the CCJS application fees table below, legal tender conversion applications are not expected to be a popular direct conversion method. Simple transactions where legal tender may be exchanged for already-issued juro Digital Money of the same class is available on a 1-to-1 basis in direct transactions among the Members of the Juri™, which is a more attractive method of obtaining juro from a fees standpoint.
Purchase juro Digital Money.
Adopt juro Digital Money to support the Juro Mission and pay-it-forward.
Transact, earn money, and do good at the same time!