Lack of cash doesn’t actually limit crime, but it does limit access to the levers needed to commit serious white-collar crimes.

Topics
Digital Currency | Russia | Sweden


In 2018, Sweden’s central bank released a document titled “If Crisis or War Comes”, encouraging citizens to hold cash to deal with contingencies like war with Russia or catastrophic weather conditions. Given that Sweden is the most cashless nation in the world, the plea came as a surprise, but the Riksbank was pointing out situations that digital cash couldn’t handle.


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First published: Wednesday, June 08, 2022. 10:56 PM IST