What if there are hidden agendas, like phasing out paper currencies, forcefully uniting all countries and handover control to more evil entity?
I have some paper money on me that I can EASILY use to buy some harmful drugs and weapons yet no Northkorea-like government is monitoring how I spend this money. A responsible government would rather be where the stuff are purchased and help solving crimes. Trying hard to Police everything (without caring a bit about the word "privacy") is a sign of desperation & tyranny.
I learned they are working hard to phase out cash for their cashless agenda. I bet over 70% of World governments will adopt the cashless thing too.
There is a digital revolution going on in the crypto currency space and it is true that some governments are trying to have a digital economy ,like in the case of India they implemented demonetization all of a sudden one year back and they wanted a digital economy to thrive and the problem with those situation is that the government will have full control over the citizens and they have record for each and every money spent and they could literally do anything which is a scary situation .