In order to eliminate corruption, the government has waged a war against the informal economy. But a large portion of the economy, especially in rural regions, is informal, so this becomes a war on the economy itself… Read More India’s Economy Is Headed for Structural Breakdown
Both the U.S. and global financial system have a real problem occurring right under the fogged lenses of Congress… Read More It Has Been a Torrid Week for Indian Banks
Sweden’s Civil Contingencies Agency says cash is needed in case of emergencies such as technology failures and cyber attacks… Read More The Government Of Most Cashless Economy Just Told Citizens to Hoard Cash in Case of Cyber Attack
“Serious risks of sleepwalking into a cashless society before we’re ready – not just to individuals, but to society”… Read More Transition to Cashless Society Could Lead to Financial Exclusion and System Vulnerability, Study Warns
Review predicts cash could fall to just 10% of all payments in the next 15 years… Read More UK Cash System on Verge of Collapse, Report Finds
The banks claim they’re complying with anti-money laundering regulations. … Read More All Heck Breaks Loose After Spanish Banks Block Thousands of Accounts with Chinese Names & Folks Can’t Get to Their Money
Investors need to focus on their response to financial stresses in an era in which policymakers will be constrained… Read More The Bubble’s Losing Air. Get Ready for a Crisis
But will the big banks play along?… Read More Instant and Almost Free: ECB Just Launched “Better Than Blockchain” Instant Payments System
Demonetisation disproportionately hurt the poor, as they were robbed of the free means of payment that they used to have at their disposal: cash… Read More Don’t Believe the Hype: Demonetisation in India Was a Great Success — For the Better Than Cash Alliance
Cash is less of a threat to central bank policies when interest rates rise above zero… Read More Swedish Central Bank Makes U-Turn on Cash as NIRP is Ending
A cashless society could have “adverse collective outcomes.”… Read More Backlash Against War on Cash Reaches the Bank of Canada
The payments industry deplores it, but cash is starting to look pretty good, and central banks agree: “We do not foresee a totally cashless society”: ECB… Read More Credit-Cardholders & Bank Customers Burned Again as New IT Chaos Breaks Out in the UK
