BIS Report Advocates Isolation of Digital Assets, Sparks Outrage

BTCC / BTCC Square / Global Cryptocurrency /

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2025-04-20 15:09:01

The Bank for International Settlements (BIS) recently advocated for isolating digital asset markets from traditional finance in a report. This proposal has sparked backlash from industry leaders who argue that it could destabilize rather than safeguard the global financial system. Christopher Perkins, president of blockchain investment firm CoinFund, criticized the BIS’s approach, claiming it misunderstands innovation and could create systemic risks. Perkins defends crypto, stating it provides access to financial services globally and likening it to the internet rather than communism.

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