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Cash and Crises
China: Central Bank Calls for Broader Cash Acceptance as Antitrust Regulators fine Fintechs
December 15, 2020
The People’s Bank of China tells merchants to accept cash or face sanctions in the wake of a widening digital divide. The rapid transition to digital payments is leaving some behind and creating “gaps of digitalization”.
The Court of Justice of the EU asked to Rule on the Right to Pay Cash (Part 1)
November 09, 2020
A case before the top European Court could have important implications for the status of banknotes and coins as legal tender and the acceptance of cash. The Advocate General issued a preliminary advisory opinion which states that creditors have an obligation in principle to accept cash in euros for the payment of monetary debts.
Riksbank Governor Calls for Further Legislation to Protect Cash
October 19, 2020
Riksbank governor calls for stronger legal protection for cash. The Central Bank recommends to review the concept of legal tender. “If it were to be established by law that one was forced to accept cash in Sweden, more of us would probably choose to have cash in our wallets.” says Ingves.