Many governments and financial institutions are actively promoting a transition toward a cashless society in which all financial transactions are conducted through digital means. What are the advantages and disadvantages of this?

• ・Which demographic groups are most at risk of being economically excluded in a fully cashless financial system?
• ・How might a cashless economy alter the capacity of governments and regulatory bodies to monitor financial transactions?
• ・What cybersecurity vulnerabilities does a society face when all transactions depend on digital infrastructure, and how might these be addressed?