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The former President of Interpol discusses the risks of going cashless





Already a digital economy pioneer, Sweden could become completely cashless by 2025. As other economies look set to follow suit, the FT's financial editor, Patrick Jenkins, asks whether the gains outweigh the risks.

Bjorn Eriksson, former President of Interpol, says:
"Criminality exists, with cash, definitely, but also without cash, if you are talking about false identities, possibilities to fool people with false cards, et cetera, et cetera. And then you have a development where these crimes are looked upon as transaction costs, because you can't seriously combat them. You can't have the police to take them seriously. And for me, that's a problem."

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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.

The cashless society from an ethical point of view









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