SHOULD WE BE AFRAID OF CASHLESS SOCIETY?

Abstract

This text analyzes the modern world's transition to a cashless economy, examining its pros and cons. The author emphasizes the role of physical money in ensuring personal freedom and privacy, while also highlighting the advantages of the digital monetary system in reducing the shadow economy, preventing corruption, and stopping tax evasion. Furthermore, using the examples of Sweden and China, as well as Uzbekistan's Presidential Decree (PF-246) aimed at increasing the share of cashless payments, the opportunities and risks of a digital economy are explored. In conclusion, the author suggests maintaining a hybrid model that embraces digital innovation while preserving human freedoms and the right to use cash