yes, and no, if private entities (non banks) are allowed to hold accounts for customers - than yes. As governments will have no real handle on how actually li

yes, and no, if private entities (non banks) are allowed to hold accounts for customers - than yes. As governments will have no real handle on how actually liquid those businesses are. What promises are their on your deposits? That could get out of hand very quickly. However, if only registered entities can hold accounts, than the opposite is true. Cashless society gives huge control to the government.