Yes and I find this deeply wrong - what politician would you trust with this decision? Debanking is also wrong in my view.

I think we should focus on laws against things like that which lead to tyranny rather than attempting to stop progress.

Cash in particular is expensive to produce/process and no longer honours the promise printed on it, it will be phased out as the transactions with it approach 0%.

Cards are really no different than a token in a phone and don’t work for long either in the absence of a network (both will work offline but do need to be reconciled). I haven’t habitually carried a card in about a decade, I think for similar reasons to cash they will die off by general consensus.