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Jan 24, 2020

New York on track to ban cashless stores and restaurants

Posted by in categories: business, food, law

New York is on track to ban cashless businesses after the city council voted to join San Francisco and Philadelphia in requiring brick-and-mortar stores to accept cash.

Under the law, food and retail establishments would have to accept American bills and coins or face a fine. Mayor Bill De Blasio is expected to sign the bill, his office told CNN.

“When you open a dollar bill, it reads ‘This note is legal tender for all debts, public and private,’” said Councilman Ritchie Torres, the sponsor of the bill. “Cash ought to command universal acceptance.”

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