Sweden’s central bank governor has called for public control over its payment system. Others say a fully digital system is vulnerable to fraud and attackIt is hard to argue that you cannot trust the government when the government isn’t really all that bad. “When you have a fully digital system you have no weapon to defend yourself if someone turns it off,” he says. “If Putin invades Gotland [Sweden’s largest island] it will be enough for him to turn off the payments system. Parliament is conducting a cross-party review of central bank legislation that will also investigate the issues surrounding cash.

Source: The Guardian April 03, 2018 06:56 UTC