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A classic move by authoritarian tyrants, suppress the spread of information, outlaw the free exchange of ideas.
This is why Tor and other privacy preserving technology is so important. People’s lives and wellbeing depend on them. We must not forget there are people in this world who are being harassed, tortured, and killed because they dare to question their government, dare to criticize their leaders, dare to think for themselves.
“While the truncheon may be used in lieu of conversation, words will always retain their power.” -V for Vendetta
Actually this isn’t much different from extreme control over financial transactions in civilzed parts of the world. Rather it’s just natural extension of that control, which is scary