Bank of International Settlements (BIS) complaining when people can take privacy and control back into their own hands

The report also concludes that they have no great way to deal with it right now:

"Certain risks stem from the blockchains’ reliance on unknown third parties, which makes it difficult for banks to conduct due diligence and oversight. These risks require new risk management strategies and safeguards. Current practices for mitigating these risks remain in various stages of development and have not been tested under stress."

Source: here
Full report: https://www.bis.org/bcbs/publ/wp44.pdf