A major clash erupted between crypto leaders 🤝 and banking regulators over managing the growing digital currency market 📈. Coinfund’s president criticized the BIS’s recommendations to isolate crypto from traditional finance.
Perkins argued the BIS’s views stemmed from “fear, arrogance, or ignorance,” calling them “completely uninformed.” He sees digital assets as the “new internet” 🌐.
He warned that isolating crypto markets could create “unimaginable” liquidity risks for traditional finance, as crypto operates 24/7. Perkins also defended Defi’s transparency, questioning demands for developer anonymity. Concerns over stablecoins were also dismissed.
post url: https://altcoin.observer/crypto-exec-explodes-bis-fear-arrogance-or-ignorance-their-opinions-are-dangerous/
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