This site uses cookies. Since each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions. Personal Finance. According to Milad Jahandar, CEO of Iranian fintech Bahamta, the elimination of Localbitcoins as one of the few remaining viable options for Iranian bitcoiners will lead to more fraud in cryptocurrency-related commerce. Compare Investment Accounts. Legal Tender Definition Legal tender describes any official medium of payment recognized by law that can be used to extinguish a public or private debt or meet a financial obligation.