The head of Coinfund criticized the BIS position regarding cryptocurrencies

Coinfund President Christopher Perkins criticized the position of the Bank of International Settlements (BIS). In relation to the digital asset segment. In his opinion, conflicting recommendations from the department can form systemic risks for the global financial ecosystem. A similar reaction was caused by the BIS report of April 15, 2025.

In a post on social networks, Christopher Perkins emphasized that cryptocurrencies should not be perceived from the point of view of communism. This is a new generation of assets that provides simple access for users to advanced financial services. It was noted that the restriction of this sector will negatively affect the global financial system.

According to the expert, the reckless approach of BIS experts will result in significant liquidity problems for the global market. It was emphasized that traditional assets are available for bidding only 5 days a week, while transactions with digital assets can be concluded in 24/7 mode.

In turn, representatives of the Bank of International Settlements noted that the number of investors and the volume of capital in cryptocurrency segments and decentralized finance has already reached a critical mass. At the same time, protecting the interests of users is still a problematic issue, despite the efforts of world regulators.

The report also indicated that the rapid growth of the digital assets market should be concerned about the stability of this niche, comprehensively evaluate its role for the traditional financial system.

The department also noted that it is important to form a comprehensive regulatory framework for the supervision of stablecoins. In turn, Christopher Perkins believes that approaching this issue is very careful. Nevertheless, this class of assets is extremely popular in countries with a developing economy.

Author

Andrey Alexandrov