Cashless Rethink Switch counties among new cyberthreats

Two is the greatest social society on the planet TODAY change their move from paper money.

As the keeper reported Sunday (March 16), Sweden and Norway have the lowest cash in circulation – in terms of the percentage of gross domestic product (GDP) – GDP) – except for any country in the world.

For example, only 10% of Sweden purchases are made of money, with alternative ways to want THE Mobile Payment System aside growing in popularity.

But now, among the uncertainty in the US and fear of cyberattacks in Russia, the authorities of the nations encourage their citizens who hold money.

Norway, the report says, there is a floating legislation that says dealers can notice to accept Money, While it is also recommended that citizens can keep the money in handthat argues that digital payment solutions can easily be corrupted cyberattacks.

“If no money is to pay and no money, money is no longer a true emergency solution once the crisis of ours,” the former justice and empirical emergencies, told the Guardiano.

“Steps should be carried out to strengthen preparation and reduce participation so that everyone can pay, even if the Swedish defense crisis or war said in November.

For many years, it is said, the effectiveness is the priority of payment, but now access and safety become “most important.”

Sweden’s Central Bank, Guardian report adds, self-employed digital currency – the “E-Krona” – but is currently targeted to monitor Central Bank Digitity Currency (CBDC projects) around the world.

Meanwhile, digital currencies faced an unsure future future in the US as reported here last week, US R-Ark at the House Financial Services Committee, preferred the law that Bar an American cbdc.

“Unlike Stablescoinswho operates in a competitive market, a CBDC will concentrate on financial power within the federal federal government, tighten the consumer option and Consider the innovation that makes us financial markets that are strongest in the world, “said the hill at a hearing of the currencies last week.

“A CBDC also holds competition, harmful to financial privacy and weaken the US banking system paper. “

The ranking democrat of committee, California Rep. Maxine Waters, saying that such regulation “is not only” anti-American because it also helps digital Currency space race ‘ and lowering US dollar as a world reserve currency. “