Central banks have a lot of control over the money supply, but the current system doesn't allow for direct, low-friction control over individual's bank accounts

Central banks have a lot of control over the money supply, but the current system doesn't allow for direct, low-friction control over individual's bank accounts or give the government a perfectly transparent view into your transactions. Digital currencies promise a future where the government has immediate, perfectly ubiquitous veto power over every transaction, and can adjust interest rates at an individual level.