Cashless Society: Kyrgyzstan Mandates All Businesses To No Longer Accept Cash Payments, Can Only Use Card Or QR Codes

"Every payment is a recorded operation that can be analyzed and included in official reporting…

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By The WinePress

The small Central Asian nation of Kyrgyzstan has made the controversial decision to force businesses to go completely cashless, allowing them to only use card or QR code payments, per a plan laid out by the country’s central bank.

Translated from Russian to English, Fergana.News reports (emphasis mine):

The Kyrgyz government has decided to oblige stores to accept payments only through bank cards or electronic wallets. However, the new procedure will come into force after a transition period of several months, reports 24.kg with reference to the resolution of the Cabinet of Ministers of the Republic on tax administration reform…