Austrian chancellor announces plan to enshrine the right to cash in the constitution

Being able to continue using cash for payments rather than cards or digital currencies should be enshrined in the Austrian constitution, Chancellor Karl Nehammer said. "More and more people are worried that cash could be restricted as a means of payment in Austria," he said, insisting that people have a "right to cash". [...] Nehammer announced a three-point plan on [3 August], appointing Finance Minister Magnus Brunner to work on it. Under the plan, the right to cash would be protected in the constitution, it must also be possible to pay with cash, and the national bank would be obliged to provide the necessary cash flow, with banks located at a reasonable proximity to citizens. A roundtable will be held in September between representatives of the ministries, industry and the central bank to implement the idea "in the best possible, reasonable and legal manner," Nehammer said.
Read the full article here: Politico