Swiss gov’t supports cash referendum amid digital payment concerns
The Swiss government has responded favorably to a referendum to enshrine cash in the nation’s constitution, with a draft expected in August.
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Show Notes
Switzerland’s government will hold a national vote on whether to enshrine the availability of cash in the constitution amid concerns about the rise in digital currency, Bloomberg reported on Wednesday.
A group called the Swiss Freedom Movement collected over 100,000 signatures in support of a plebiscite to safeguard cash at a higher level.
Listen to the article to find out why the government is worried about losing the use of cash.
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