Switzerland is now enshrining the protection of cash in its constitution following a national referendum. At the same time, Sweden continues to move toward an almost entirely cashless society—a development that is raising growing concerns about surveillance, vulnerability, and citizens’ freedoms.
On March 8, the Swiss voted on the popular initiative ”Yes to an independent and free Swiss currency in the form of coins or banknotes,” also known as ”Cash is Freedom.” The initiative itself did not receive a majority, but it did force a counterproposal which has now been adopted and which provides strong protection for cash under the country’s constitution.
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