The requirements of the current banking reserves hinder the encryption industry star-news.press/wp

Capital requirements for banks from the Basel Banking Data Committee (BCBS), which make banking standards, create a “selected point”, designed to strangle the growth of the encryption industry, according to Coinfund investment president.

Perkins told Cointelegraph, the current capital rules reduce the bank’s return on stock (ROE), a decisive profit scale in banking services, by imposing higher reserve requirements to retain encryption, and make encryption activities very expensive for banks.

He added: “It is a different type of ConkePoint, because it is not direct. It is a very accurate way to suppress the activity by making it very expensive for the bank to do activities so that I cannot”, “I can’t.”

If I have a certain amount of the capital I want to invest, I will invest it in the business of shareholders ’rights, not low ROE companies.”

In April, Berkens criticized the bank for international settlements Proposals To impose regular knowledge requirements (KYC) and other old banking regulations on decentralized financing protocols (Defi) and Stablecoins, Saying It violates the basic principles of networks without permission.

Perkins said that the real regular risks of the financial system come from asymmetry represented in the presence of non -central networks online, and the lack of permission, 24/7, from counterpart to counterpart, no centralism that can transform liquidity in actual time while closing the traditional financial infrastructure at nights and weekend holidays and rejects adaptation to changing technology.

Related to: The new BIS plan can make “dirty” more difficulty

The bank for international settlements is still firmly against encryption

The Bank for International Settlements (BIS), which works as a central sovereign central bank and organizes BCBS conferences in April, claimed that Crypto can destabilize the stability of the financial system.

The authors of the report also argued that the growth of the encryption market increases the wealth gap and urges the most strict governmental regulations.

In June, BIS issued a follow -up a report Entitled “Stablecoin: Politics and Curriculum Challenges”, which claimed that Stablecoins fail as money and can create regular risks in the financial system.

The report’s authors wrote: “The increasing market value in Stablecoins has reached and increased interconnection with the traditional financial system to a stage that could no longer exclude potential decisions to this system,” the reporter wrote.

BIS has repeatedly pushed to adopt the Central Digital Bank currencies (CBDCS) and other central digital technologies as an alternative to encrypted currencies that they issue in private and decentralized.

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