Cashless Lobbying is still very active

The International Monetary Fund, the US Treasury, billionaire Bill Gates and major financial institutions such as Visa and Mastercard are all lobbying for cash to be abolished and replaced with digital-only currencies. Now the Bank of England has joined the chorus.

The Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has called for a state digital currency to be created and says the dash for a cashless society is speeding up.

He was speaking on The Swap podcast, which is produced by the International Swaps and Derivatives Association.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

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