New York City has voted to ban cashless businesses because it is ‘elitist’ and 12 per cent of the city’s residents don’t have bank accounts.
The City Council passed a bill Thursday afternoon that will make cashless-only policies illegal across the city and hit businesses with hefty fines of $1,000 to $1,500 if they fail to accept cash payments from customers.
Lawmakers approved the legislation, first introduced by Council member Ritchie Torres in November 2018, by a 43-3 margin.
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