Sihai network: China Mobile's payment development speed shocked the world. Alipay is also known as the new four inventions. Now the mainstream payment method has paper money slowly converted into mobile payment. However, when businesses accept only mobile payment and refuse cash, this behavior is illegal. Because of the provisions of the central bank, the renminbi is the only legal currency of the country, and no organization or individual can refuse it. Collect!
When businesses reject cash and only accept mobile payment, is there any violation of the law? With the development of cashless society, there are endless debates.
People close to the central bank told the Shanghai Stock Exchange yesterday that it is illegal for businesses to reject RMB cash according to the RMB regulations of the people's Republic of China.
Article 3 of the general provisions of the regulations states that the legal currency of the people's Republic of China is RMB. No unit or individual may refuse to pay in Renminbi all public and private debts within the territory of the people's Republic of China.
According to the external view that "rejecting cash does not mean rejecting RMB. Mobile payment is just a means of payment, but the currency of mobile payment is RMB, not US dollars or other foreign currencies". In any scenario, if there is only one form of payment, it must be the national sovereign currency - RMB, the person said.
He explained: 'the legal currency, RMB, is the paper currency in our wallet. It has the words of the people's Bank of China written on it. It represents the people's Republic of China and exercises state sovereignty. It is the only legal legal currency. 'on the contrary, it is not illegal to refuse to pay by bank card, third-party payment, etc.