Former CFTC Chairman: Satoshi Nakamoto's white paper does not contain concepts aimed at breaking away from government or regulatory networks

Former United States Commodity Futures Commission (CFTC) chairman Christopher Giancarlo recently stated that Satoshi Nakamoto's white paper does not include the concept that Bitcoin is intended to be separated from government or regulatory networks. The white paper discusses Bitcoin as a means of avoiding intermediaries such as commercial entities, banks and other institutions. However, there is no reference to indicate that regulators or government agencies will leave the grid. Take the central banks of island economies such as Bermuda, Cayman Islands, Malta, Singapore, or Switzerland as examples. They are basically offshore banking centers for continental economies. They have a long tradition of protecting assets. For them, Bitcoin is just another asset that needs protection.