Is it illegal to refuse cash?

It is illegal to refuse cash. Official website, a database of national laws and regulations, shows that according to Article 3 of the Regulations on the Administration of Renminbi in People's Republic of China (PRC), the legal tender in People's Republic of China (PRC) is Renminbi, including banknotes and coins, and no unit or individual may refuse to accept Renminbi. If the merchant refuses to accept cash, it deprives the consumer of the right to pay, which is suspected of breaking the law. Cash refers to a medium of exchange that can be put into circulation immediately within a certain range determined by the laws of sovereign countries. It is usually acceptable and can be effectively used to buy goods, goods and services or pay off debts immediately. Cash is the most liquid monetary asset, which can be used to buy needed materials, pay related expenses and repay debts at any time, and can also be deposited in the bank at any time.