Sweden and Norway are reversing their cashless policies by actively encouraging cash use as a precautionary measure against digital vulnerabilities

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In Norway, which was also at the forefront of the cashless revolution, retailers can be fined if they do not accept cash.

Ethereum co-founder Vitalik Buterin has raised an important concern about the future of cashless economies. In a recent post on X, he said the Nordics are “walking back the cashless society initiative because their centralized implementation of the concept is too fragile.”

Buterin’s post came in response to a Guardian report highlighting how Sweden and Norway—two of the world’s most cashless countries—are now encouraging citizens to keep physical cash at home.