This action was the argument against a cashless society. A cashless society gives absolute control over the individual. It gives governments unprecedented access to information and power over citizens. Civil forfeiture can be used to punish citizens for suspicion—not proof—of wrongdoing. Such seizure would deny a person the money to provide for their defense.
By making it too expensive to deal with certain clients or sending the signal that a bank should not deal with a particular client or a type of client, the government can almost assuredly keep that company or person out of the banking system. Such methods would most certainly attack conservative online media or individuals that voices contrary ideology. When government freezes ones funds, it is a death sentence to all those affected. Big Brother has arrived.
Exactly.