Financial Regulator Consults on New Rules Aimed at Delaying Cashless Society

Under the proposals, banks would be required to plug gaps in cash services where necessary and wait until replacements are available before closing services.

Pound Sterling notes and change are seen inside a cash register in a coffee shop in Manchester, Britain, on Sept. 21, 2018. Phil Noble/Reuters

The financial regulator has launched a consultation on Thursday on rules aimed at maintaining cash access and to delay the arrival of a so-called cashless society.

The use of cash in shopping rose for the first time in a decade.