Why? Even if you don't have to show government ID for every financial transaction, you need to show government ID (and, often, a lot more government paperwork)

Why? Even if you don't have to show government ID for every financial transaction, you need to show government ID (and, often, a lot more government paperwork) to open a financial account that can be used to make transactions. Your ability to move money is entirely predicated on the banks knowing who you are by linking your accounts to a tombstone government identity document. Using PKI controlled by government to authenticate identity for transactions doesn't give government any more control over your affairs than it already has. All it does is add one more layer of authentication to the transaction process by allowing all parties involved to verify that their counterparty is the legal entity they claim to be.