Truly dissapointing to see, this day and age, such archaic thinking, but it we drill down, i think it obeys two main things:
1.- I would suspect that bottom line, they want to a more fiscalized and overseen population where they have a tighter control on how and how much money each individual is using.
2.- bank account freezing has been a normal (but unethical of course) way to deter or destroy political competition, social leaders that seek justice (even in a peaceful way), etc. but if such accounts are decentralized it would be far more difficult.

In addition, the fact of things as there was no clear warning of this happenning for the population, and that I think, shows an untransparent policy.
Anyway, thats just my opinion.

Btw- does this mean we wont get any more scam emails from the royalty saying we have 100 million dollars in inheritance? 😂😂

Thanks for the post @crypto.piotr