BTCC
/
BTCC Square
/
Global Cryptocurrency
/
BIS Crypto Isolation Push Is ‘Dangerous,’ Warns Blockchain Investment Firm Chief
BIS Crypto Isolation Push Is ‘Dangerous,’ Warns Blockchain Investment Firm Chief
8
1
The Bank for International Settlements (BIS) is facing sharp criticism from the crypto industry following its latest report advocating for stricter separation between digital assets and traditional finance. Christopher Perkins, president of blockchain investment firm CoinFund, labeled the BIS’s recommendations as “dangerous” and “uninformed,” warning that they could backfire on the global financial system. In an April 19 post, Perkins responded to the BIS’s April 15 report titled “Cryptocurrencies and Decentralized Finance: Functions and Financial Stability Implications,” criticizing the report’s call for a “containment” approach to cryptocurrencies, arguing it reflects fear and a fundamental misunderstanding of the technology.
By:
Previous
Chainlink (LINK) Tests $12.90 Resistance — Is a Rally to $26 Imminent?
Next
AI Struggles to Play Classic Game ’Doom’
