Swiss to vote on preventing cashless society

World
06-02-2023 | 07:51
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Swiss to vote on preventing cashless society
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
Swiss to vote on preventing cashless society

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

The FBS (Free Switzerland Movement) says cash is playing a shrinking role in many economies, as electronic payments become the default for transactions in increasingly digitized 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.

There is no evidence of moves towards a cashless society by Swiss authorities.

FBS said it had garnered over 111,000 signatures in support of the measure, above the 100,000 needed to trigger a popular vote. Under Switzerland's system of direct democracy, the proposal would become law if approved by voters, though government and parliament would decide how that law was implemented.
 
"It is clear that ... getting rid of cash not only touches on issues of transparency, simplicity or security ... but also carries a huge danger of totalitarian surveillance," FBS president Richard Koller said on the group's website.

He also views Switzerland as a European standard-bearer for the defense of cash, as pushing through such guarantees in the European Union would entail the "almost impossible" process of securing approval from all 27 member states.
 
Accelerated by the impact of COVID-19 lockdowns, the trend towards increased cashless payments was evident as far back as 2017, when an Ipsos study found more than a third of Europeans and Americans would happily go without cash and 20% pretty much did so already.
 

Digitized

Society

Swiss

Citizens

Population

Vote

Switzerland

Preventing

Cashless

Economy

Circulation

Money

Finance

Currency

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Lebanon News
16:37

Israel hits Beirut’s southern suburbs after warning strike

LBCI
Middle East News
14:05

One person killed in Dubai by debris from aerial interception

LBCI
Middle East News
2026-03-03

Iran urges UN Security Council to move to stop war

LBCI
News Bulletin Reports
2026-01-19

Israel boosts air force readiness as it weighs options against Iran

Videos
d-none hideMe
LBCI
Lebanon News
2026-03-06

Israeli airstrike targets Beirut’s southern suburbs: Video

LBCI
Lebanon News
2026-03-05

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

LBCI
Lebanon News
2026-03-05

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

LBCI
Lebanon News
2026-03-02

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

LBCI
Lebanon News
2026-02-16

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

LBCI
Lebanon News
2026-02-14

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

LBCI
Lebanon News
2026-02-01

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

LBCI
Lebanon News
2026-01-29

Berri halts live broadcast amid parliament salary dispute

LBCI
Lebanon News
2026-01-10

Fairuz receives condolences for death of son Hali Rahbani—Video

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
Lebanon News
02:40

Mystery surrounds Israeli raid in Lebanon's Nabi Chit as army searches for missing pilot Ron Arad

LBCI
Lebanon News
10:35

Lebanese army holds emergency meeting amid Israeli escalation

LBCI
Lebanon News
06:18

Israeli defense minister warns Lebanon's President: Act now before Israel acts on a larger scale

LBCI
Lebanon News
11:05

‘Save your lives:’ Israeli army orders residents of Beirut’s southern suburbs to evacuate

LBCI
Lebanon News
14:59

Israel’s Netanyahu pressures Lebanon to disarm Hezbollah

LBCI
Lebanon News
13:23

Over 150 Iranian nationals leave Lebanon including diplomats: Reuters

LBCI
Lebanon News
05:46

Witnesses detail Israeli airborne operation in Nabi Chit in eastern Lebanon: Sources to LBCI

LBCI
Lebanon News
16:37

Israel hits Beirut’s southern suburbs after warning strike

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More