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Swiss may vote on preventing cashless society

Section: Daily Dispatches

By John Stonestreet
Reuters
Monday, February 6, 2023

Swiss citizens will get the chance to try to ensure that their economy never becomes cashless, a pressure group said, after collecting enough signatures to trigger a popular vote on the issue.

... Dispatch continues below ...


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The Free Switzerland Movement says cash is playing a shrinking role in many economies, as electronic payments become the default for transactions in increasingly digitised societies, making it easier for the state to monitor its citizens' actions.

It wants a clause added to Switzerland's currency law, which governs how the central bank and government manage the money supply, stipulating that a "sufficient quantity" of banknotes or coins must always remain in circulation. ...

... For the remainder of the report:

https://www.reuters.com/markets/europe/swiss-vote-preventing-cashless-society-pressure-group-says-2023-02-06/

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