The People's Bank of China published an enforcement update on refusals to accept Renminbi cash, reporting that it imposed economic penalties in the fourth quarter of 2025 on two entities and the relevant responsible individuals for breaches of cash acceptance requirements. The central bank urged business operators to respect the public’s right to pay in cash and said it will continue its rectification work to protect consumers’ lawful rights and maintain the RMB’s status as legal tender. It also pointed to the Regulations on RMB Cash Receipt and Service, jointly issued with the National Development and Reform Commission and the State Administration of Financial Supervision (Announcement [2025] No. 29), and released an attached penalty information form covering the cases.
Central Bank of the Republic of China 2026-01-22
People's Bank of China imposes penalties on two entities for refusing to accept RMB cash
The People's Bank of China reported imposing economic penalties in Q4 2025 on two entities and responsible individuals for refusing Renminbi cash, emphasizing the importance of respecting cash payment rights and maintaining RMB's legal tender status. The update references the Regulations on RMB Cash Receipt and Service and includes a penalty information form.