demonetize

/diːˈmʌnətaɪz/verb
RareNot in standard dictionaries
1

To withdraw the status of legal tender from a coin (etc.) and remove it from circulation.

2

To declare ineligible or worthless as a medium of exchange or as legal tender.

3

To demote (published content, or its creator) so that it is no longer eligible to earn money for its publisher.

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