Search
Content type: Long Read
The move to digital payments, without an adequate legal framework, is a double-blow to privacy. India is proving to be the case study of how not to do the move to the cashless society. We are seeing in India the deeper drives to digital: linking financial transactions to identity. On the 8th November, Prime Minister Modi of India announced that 500 and 1,000 rupee notes – 86% of the money supply – would be removed from circulation. The initial justification for this was to tackle the proceeds…