The accounts are already electronic and can be frozen at the government's will, and the government can already set new spending rules which apply to all bank ac

The accounts are already electronic and can be frozen at the government's will, and the government can already set new spending rules which apply to all bank accounts whenever it wants. Commercial banks have the same purely theoretical capabilities to issue electronic accounts with time limits or spending restrictions on the money as the central bank, but the central bank has a lot less incentive to do so