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Crypto Exec Blasts BIS Over Dangerous Crypto Regulation Views
Crypto Exec Blasts BIS Over Dangerous Crypto Regulation Views
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A major clash has erupted between cryptocurrency industry leaders and banking regulators over how to handle the growing crypto market. CoinFund president Christopher Perkins has slammed the Bank for International Settlements’ (BIS) recent recommendations on cryptocurrency regulation, calling them “dangerous” for the entire financial system. The BIS published a report urging a strategy to isolate digital currency from traditional finance, to which Perkins responded by suggesting the recommendations stem from “a mix of fear, arrogance, or ignorance”.
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