[nic547]

Politco makes it sound much bigger than it actually is. Only two things are now secured in the constitution:

- The franc is the national currency - The swiss national bank is responsible for the supply of cash.

This doesn't have any effect in practice, since this is straight up copy and paste from the law about currency. This change only means that a change requires a mandatory referendum rather than having to launch a referendum.

It does nothing about acceptance of cash, afaik that initiative failed to reach the neccesary support to be voted on.

[Frieren]

> This change only means that a change requires a mandatory referendum rather than having to launch a referendum.

This seems a way of making sure that a future with Switzerland being part of the EU requires a vote to adopt the Euro. I do not see many other situations in which Switzerland changes its central bank or currency.

[nic547]

Switzerland can't join the EU without a referendum anyway, I don't think that's realistic anyway. The prevailing juristic opinion seems to be that changing away from the franc would have required a referendum because while it wasn't explicitly defined it was referenced a bunch of times.

The concern was about CBDC and "cashless", the original initiative comes from a conspiracy-adjecent group. They just kind of failed of doing anything major about it, the initiative was worded badly. The counter proposal was explicitly a symbolic copy paste with no real effect.