Is it illegal not to accept cash?

Legal analysis: It is illegal to refuse cash. The legal tender in People's Republic of China (PRC) is RMB. No unit or individual may refuse to pay all public or private debts in People's Republic of China (PRC) in RMB. The People's Bank of China should organize financial institutions to further strengthen the publicity on the rectification of refusal to exchange, create an atmosphere in the society where illegal refusal to exchange will be severely rectified by the regulatory authorities, and constantly optimize the environment for RMB cash payment. The People's Bank of China has always supported and encouraged non-cash payment transactions and encouraged the reduction of cash transactions, but it will never allow any commercial activities to challenge the legal circulation status of RMB, that is, it is not allowed to refuse RMB payment transactions.

Legal basis: Article 3 of the Regulations of People's Republic of China (PRC) on the Administration of Renminbi is the legal tender of People's Republic of China (PRC). No unit or individual may refuse to pay all public or private debts in People's Republic of China (PRC) in RMB.