At least it’s not a blanket ban, eg centrally-issued digital cash is pretty interesting and has none of the ills associated with proof-of-work decentralized “trustless” tokens. Eliminating banks, payment processors, etc reduces leeches and friction in transactions, at least some of the people in those industries can be moved to a theoretical state arbiter for fraud resolution and the few legitimate customer service issues (eg that they didn’t create themselves) that banks deal with. It’s all fantasy shit at this point, but automating taxes/quotas/welfare/enabling a certain amount of privately spendable non-reversible cash per person which the state gets no real information about (all the features of paper cash, but you can still make sure nobody is using their million dollars to make society worse without invading the privacy of everyone in the country who spends a reasonable amount of money). There’s all kinds of opportunity with this stuff for what The Economist would call “authoritarian” regimes…