Cashless Economy
Cash will always be useful according to Jeffrey Goh Living in a Cashless Society is not that convenient Access to cash: Why the UK Governement is going to protect coins and banknotes Cashless Norway has pushed too far Much more Cash in circulation in Kenya with the COVID-19 crisis Japan is still undecided about a national digital currency Welcome to Cashless Economy: Digital frauds are booming A Cashless Nepal? Being unbanked is spread nightmare in the US In 2020, Cash has grown (a lot)
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Terrorism, money laundring: the risks of digital currency trading





Terrorism, money laundring: the risks of digital currency trading

The Monetary Authority of Macao (AMCM) has informed Macau News Agency that the trading of virtual currencies still implies considerable risks, including money laundering and terrorism financing.

The response was issued after an inquire on current works related to digital currency legislation, with the local monetary authority maintaining its cautious view towards decentralised digital currencies.

“Bitcoin, or any kinds of cryptocurrencies, are types of the virtual commodity which is neither a legal tender nor a financial instrument subject to the supervision of the AMCM,’ the monetary authority told MNA.

Cryptocurrency Bitcoin has seen its value soar above US$50,000 for the first time this week, having rocketed by almost 75 per cent in value this year.

Some of that rises has been attributed to corporate heavyweights backing world’s most popular virtual currency, with online payments group PayPal saying it would allow account holders to use cryptocurrency,  electric carmaker Tesla investing US$1.5 billion.

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Go Further

Korea's dangerous path to cashless society - 05/14/2021

ATM fees: a way to force people adopting cashless? - 05/11/2021

Cash is a needed public good - 05/09/2021

What place for seniors in a Cashless Economy? - 05/07/2021

Cashless or all cash: There is a good middle ground - 04/19/2021

How Cashless is harming the elderly - 04/17/2021

The UK on its way to Cashless Society? - 04/07/2021

Cashless public transports hurts the most vulnerable users - 03/31/2021

Brits are not ready for a Cashless society - 03/22/2021

Access to cash: Sweden is thinking twice about all cashless - 03/20/2021

Philippines want to turn cashless - 03/17/2021

The wrong and unknown sides of cashless charity - 03/05/2021

Some UK politicians battle against cashless - 03/01/2021

Is Pakistan eager to follow cashless India? - 02/25/2021

Venezuela risks cashless - 02/21/2021

Welfare cards don't do the job - 02/19/2021

Freedom of choice: Paying cash must be an option - 02/09/2021

India's digital currency is facing huge problems - 02/05/2021

Bank closures are a threat - 02/03/2021

Ireland is not ready to move to a whole cashless society - 01/30/2021

All cashless: the Chinese central bank has its doubts - 01/28/2021

A cashless society is an all digital World - 01/25/2021

Italia's try to turn cashless - 01/25/2021

Debating cashless economy in Ireland - 01/18/2021

War on Cash in India but Cash is still King - 01/13/2021

The detrimental effects of cashless society - 01/11/2021

Why a Cashless Society can't be really fair - 01/08/2021

Not ready for cashless: lots of people in danger - 01/06/2021

Cashless is harming the most vulnerable - 01/04/2021

How Italia promoted cashless during the Christmas Holidays - 01/02/2021

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Banking Security

ATM fees: a way to force people adopting cashless?

Cash is a needed public good

What place for seniors in a Cashless Economy?

Cash will always be useful according to Jeffrey Goh

Have your say

Living in a Cashless Society is not that convenient

Living in a Cashless Society is not that convenient
Just last week we purchased lunch from a local eatery. We dug deep into the recesses of our wallet, searching for some money to complete the transaction. Eventually we scrambled together enough $1 and $2 coins to pay for the fare. "Oh, you're not using a card,'' the youngster behind the counter...

Being unbanked is spread nightmare in the US

Being unbanked is spread nightmare in the US
Approximately 63 million Americans are either unbanked or underbanked, according to a report by the Federal Reserve. That means they don't use banks to make financial transactions like cashing checks, saving money or applying for credit. That's because some are discouraged from opening accounts...

Lack of privacy, economic calamity: the threats of a digital dollar

Lack of privacy, economic calamity: the threats of a digital dollar
As demand for cryptocurrency like bitcoin skyrockets, the Federal Reserve announced the idea of a digital dollar, which would be an electronic fund under control of the government and presented as a sort of competitor to other cryptocurrency. But a central online dollar would work nothing like...
Academic Research

Welcome to Cashless Economy: Digital frauds are booming

How cashless can lead to unhealthy consumption

Value of money: children can't understand it in a cashless society

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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The debate

Korea's dangerous path to cashless society

Korea's dangerous path to cashless society
Oh Jong-gyun, a 35-year-old in Seoul, had an awkward moment when he went to pay for valet service...

ATM fees: a way to force people adopting cashless?

ATM fees: a way to force people adopting cashless?
Belfast council is demanding a cap on charges at ATMs, and asking the leading financial authority...

Cash is a needed public good

Cash is a needed public good
Australia is well on its way to becoming a cashless society, with forecasts suggesting that cash...

What place for seniors in a Cashless Economy?

What place for seniors in a Cashless Economy?
Imagine a world without paper money or coins. Retail stores do not accept cash. Banks do not accept...

Cashless or all cash: There is a good middle ground

Cashless or all cash: There is a good middle ground
Cash-free payment methods have become life-changing for many in the era of the Fourth Industrial...

How Cashless is harming the elderly

How Cashless is harming the elderly
When the UK Government increased the limit on contactless payments from £30 to £45 in April last...

The UK on its way to Cashless Society?

The UK on its way to Cashless Society?
With the recent increase in contactless transactions with both credit cards and mobile...

Cashless public transports hurts the most vulnerable users

Cashless public transports hurts the most vulnerable users
Some members of Greater Wellington Regional Council's own public transport advisory group are...

Brits are not ready for a Cashless society

Brits are not ready for a Cashless society
Over half (54%) of British people admit to avoiding cash to pay for goods and services but – as...

Access to cash: Sweden is thinking twice about all cashless

Access to cash: Sweden is thinking twice about all cashless
New cash machines will be installed in 17 Swedish towns after the country changed its laws to...
The website "Cashless Economy" (cashless-economy.com) is edited by individuals and civil society groups fully committed to defending privacy and civil liberties against abuse and the risks inherent in a cashless society.
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