We know that no matter how good the system is, if it is not legalized by the government, it will only be in vain, we cannot fight it, so we must obey the government regulations. Therefore, I think that in the near future, the central bank will remain the government's trust for legal transactions.
It is not the government regulations that are the problem, it is the unfairness of the government regulations that are the main problem. There are so many super wealthy companies that does whatever works for them and there are people who do not get anything when they need it the most. Think about this for a second, there has been a horrible pandemic period in the world right? USA had to print out trillions of dollars to help people, unemployment skyrocketed the historical high for a while, dropped to a bit over average, and people failed to pay rent for so many months, the debt increased insanely.
Government failed to cancel any student debt during this period, plus no rent help neither, so the debt will just be another problem in the future. What did they do instead? Gave Jeff Bezos who got 100+ billion dollars richer during pandemic, another 10 billion dollars to bail out his space company...