China punishes 16 merchants for refusing cash payments
GICexpat
The People's Bank of China (PBOC) announced on Thursday that it punished 16 merchants and institutions for refusing to take payments in cash during the fourth quarter of 2020.
The central bank punished 16 violators, including parks, public service institutions, parking lots and insurance companies, as part of a clampdown on the practice of refusing cash payments launched in October.
The violators were issued with fines ranging from 500 yuan (77.28 U.S. dollars) to 500,000 yuan, for posting "no cash" signs or simply refusing to take cash as payments, the central bank said.
The PBOC launched its campaign last year in order to protect consumers' legal rights, as a growing number of businesses have gone cashless amid the COVID-19 pandemic. Consumers who try to pay in cash but are prevented from doing so can lodge a complaint with the authorities, as such practices are illegal.
The PBOC stated that it will continue to eradicate violations, improve channels for complaints and reporting, follow up on relevant leads, expose and punish breaches of the law, and effectively protect the legitimate rights and interests of consumers.
Canuckus Deploracus wrote:
China punishes 16 merchants for refusing cash payments
GICexpat
The People's Bank of China (PBOC) announced on Thursday that it punished 16 merchants and institutions for refusing to take payments in cash during the fourth quarter of 2020.
The central bank punished 16 violators, including parks, public service institutions, parking lots and insurance companies, as part of a clampdown on the practice of refusing cash payments launched in October.
The violators were issued with fines ranging from 500 yuan (77.28 U.S. dollars) to 500,000 yuan, for posting "no cash" signs or simply refusing to take cash as payments, the central bank said.
The PBOC launched its campaign last year in order to protect consumers' legal rights, as a growing number of businesses have gone cashless amid the COVID-19 pandemic. Consumers who try to pay in cash but are prevented from doing so can lodge a complaint with the authorities, as such practices are illegal.
The PBOC stated that it will continue to eradicate violations, improve channels for complaints and reporting, follow up on relevant leads, expose and punish breaches of the law, and effectively protect the legitimate rights and interests of consumers.
China punishes 16 merchants for refusing cash paym... (
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I guess it's a good thing Johnny Cash is dead.
Canuckus Deploracus wrote:
China punishes 16 merchants for refusing cash payments
GICexpat
The People's Bank of China (PBOC) announced on Thursday that it punished 16 merchants and institutions for refusing to take payments in cash during the fourth quarter of 2020.
The central bank punished 16 violators, including parks, public service institutions, parking lots and insurance companies, as part of a clampdown on the practice of refusing cash payments launched in October.
The violators were issued with fines ranging from 500 yuan (77.28 U.S. dollars) to 500,000 yuan, for posting "no cash" signs or simply refusing to take cash as payments, the central bank said.
The PBOC launched its campaign last year in order to protect consumers' legal rights, as a growing number of businesses have gone cashless amid the COVID-19 pandemic. Consumers who try to pay in cash but are prevented from doing so can lodge a complaint with the authorities, as such practices are illegal.
The PBOC stated that it will continue to eradicate violations, improve channels for complaints and reporting, follow up on relevant leads, expose and punish breaches of the law, and effectively protect the legitimate rights and interests of consumers.
China punishes 16 merchants for refusing cash paym... (
show quote)
A 'cashless society' lends itself to more government control/monitoring.
Very bad idea.
American Vet wrote:
A 'cashless society' lends itself to more government control/monitoring.
Very bad idea.
My feelings exactly....
I'm constantly harangued by my friends for carrying cash and refusing to keep money on my phone...
Parky60
Loc: People's Republic of Illinois
Canuckus Deploracus wrote:
China punishes 16 merchants for refusing cash payments
GICexpat
The People's Bank of China (PBOC) announced on Thursday that it punished 16 merchants and institutions for refusing to take payments in cash during the fourth quarter of 2020.
The central bank punished 16 violators, including parks, public service institutions, parking lots and insurance companies, as part of a clampdown on the practice of refusing cash payments launched in October.
The violators were issued with fines ranging from 500 yuan (77.28 U.S. dollars) to 500,000 yuan, for posting "no cash" signs or simply refusing to take cash as payments, the central bank said.
The PBOC launched its campaign last year in order to protect consumers' legal rights, as a growing number of businesses have gone cashless amid the COVID-19 pandemic. Consumers who try to pay in cash but are prevented from doing so can lodge a complaint with the authorities, as such practices are illegal.
The PBOC stated that it will continue to eradicate violations, improve channels for complaints and reporting, follow up on relevant leads, expose and punish breaches of the law, and effectively protect the legitimate rights and interests of consumers.
China punishes 16 merchants for refusing cash paym... (
show quote)
The cashless society will be used as a tool of the Antichrist to control EVERYONE in what they buy and sell. And if you're paying attention it's already beginning to happen with COVID vaccine verification with the airlines and soon to be other businesses. Governments won't make vaccines mandatory but businesses will making it impossible to function in society.
Parky60 wrote:
The cashless society will be used as a tool of the Antichrist to control EVERYONE in what they buy and sell. And if you're paying attention it's already beginning to happen with COVID vaccine verification with the airlines and soon to be other businesses. Governments won't make vaccines mandatory but businesses will making it impossible to function in society.
Guess we will have to figure out how to get around it huh?
Best to find a friend in the medical field to give you a fake jab along with the documentation for it in exchange for a few bucks it will well worth it
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