Switzerland has cash written into law[1] (You must accept all denominations of notes (that includes the CHF 1,000 note) and at minimum up to CHF 100 in coins) b

Switzerland has cash written into law[1] (You must accept all denominations of notes (that includes the CHF 1,000 note) and at minimum up to CHF 100 in coins) but sadly it is missing any penalties if you don't do it so there are now some that just ignoring it. The law needs to be updated to add penalties and exceptions for businesses that have no physical presence. There is an initiative to prevent cash from going away[2] but it's too little to prevent the above. Also organized by the people that are against vaccines, 5G and don't believe in climate change so the support is probably quite limited. The SNB is also under pressure from the rest of the world regarding the CHF 1,000 notes but decided against getting rid of it. I also don't understand why a CHF 1,000 note today is such an issue when it existed already in 1907 and back then CHF 1,000 was a lot more than in today's money. [1] https://www.fedlex.admin.ch/eli/cc/2000/186/en https://www.fedlex.admin.ch/eli/cc/2000/186/en [2] https://fbschweiz.ch/index.php/de/ich-zahle-bar https://fbschweiz.ch/index.php/de/ich-zahle-bar