Swiss Vote Places Right To Use Cash In Country's Constitution

Source: Slashdot

Summary

Swiss voters overwhelmingly approved a constitutional amendment guaranteeing the right to use physical cash, as reported by Politico.

Key points

• Official results showed that 73.4 % of voters backed the amendment.
• The government proposed the amendment as a counter to an initiative by the Swiss Freedom Movement, which had gathered over 100,000 signatures to trigger a national referendum.
• The Swiss Freedom Movement’s initiative ultimately received 46 % of the vote after the government argued that some of its proposed changes went too far.

The vote places Switzerland alongside Hungary, Slovakia, and Slovenia, which have already enshrined the right to cash in their constitutions.