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But Dyke knew that Colorado had put through legislation in 2021 that a business must accept cash, in response to many establishments becoming cashless during the COVID-19 pandemic.
Contrary to common misconception, [49] there is no federal law stating that a private business, a person, or a government organization must accept currency or coins for payment. Private businesses are free to create their own policies on whether they accept cash, unless there is a specific state law which says otherwise.
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An increasing number of restaurants in San Francisco did not accept cash until 2019, when the city passed an ordinance requiring them to do so. Now Los Angeles is considering a similar motion.
Giving money illegally or unethically to influence a person's behavior is a form of bribery. Bribery is the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official, or other person, in charge of a public or legal duty and to incline the individual to act contrary to their duty and the known rules of honesty and integrity. [1]
In general new money laundry laws require evidence of sources for higher amounts of cash. The banks in Sweden blame EU laws, but the EU laws allow transactions of below €15,000, while Swedish banks require evidence and can refuse to accept or confiscate cash without lower limit and have high requirements of documentation. [citation needed]
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Accepting the proceeds of a sale of the converted property is a defense against further action. [171] By accepting return of goods. Once the owner accepts the converted property back, he or she is generally precluded from any further action. [172]