CoinFund president criticizes BIS crypto containment strategy as “dangerous”
Christopher Perkins, president of CoinFund, has issued a disapproval of the Bank for International Settlements’ (BIS) recent paper on crypto.
Perkins called its recommendations “completely uninformed and frankly, dangerous.” The BIS report, titled “Cryptocurrencies and decentralized finance: functions and financial stability implications,” acknowledges cryptocurrency’s growing importance with the rise of ETFs, stablecoins, and tokenized assets. However, Perkins strongly objects to the paper’s containment approach to cryptocurrency regulation.
“Guys, crypto is not communism. It’s the new internet that provides anyone with access to financial services,” Perkins stated. He rejected the comparison to…
