If a country entirely phased out cash and replaced it with digital currency would it become destabilized?
Firstly, this will never happen even in a hundred years. What will be they're reason to do these?
And if they will be doing that, I know there are a important or really good or great reason to do so. And if they will be phasing out cash, what will they be using? Crypto currencies? which is still not stable and so volatile? If they will be doing this kind of decision, digital currencies must be really stable, also, they will find a way to tax these digital currencies and it will become centralized and not pseudo anonymous anymore.