Sweden and Norway encourage citizens to keep cash

Sweden and Norway, two of the world's most cashless countries, are now encouraging citizens to keep cash due to concerns over potential Russian cyberattacks. Authorities are reconsidering their reliance on digital payments. Norway is considering legislation to fine retailers that do not accept cash. Officials argue that digital payment systems are vulnerable and that cash should remain an option during crises. Sweden's central bank is shifting focus from developing a digital currency to monitoring global trends in central bank digital currencies. Meanwhile, discussions in the U.S. highlight concerns about the implications of a potential American digital currency.