The financial world is witnessing a complex game between Crypto Assets and the traditional banking system. Chris Perkins, president of CoinFund, recently pointed out that the capital requirements set by the Basel Committee on Banking Supervision have effectively become an invisible barrier to the development of the encryption industry.

These regulations require banks to allocate higher reserves for holding Crypto Assets, which directly leads to a decline in profit margins for banks engaged in crypto-related businesses. Perkins believes that this practice cleverly limits banks' enthusiasm for participating in crypto activities, thereby indirectly suppressing the growth of the entire industry.

In April of this year, Perkins publicly criticized the suggestion made by the Bank for International Settlements (BIS) to implement traditional banking regulatory measures in the field of decentralized finance (DeFi). He believes that these measures contradict the core principles of open and permissionless networks.

Perkins further pointed out that the real systemic risk arises from the asymmetry between decentralized networks and traditional financial infrastructures. The traditional financial system closes during non-working hours and reacts slowly to technological changes, and this difference could pose potential financial risks.

At the same time, the Bank for International Settlements continues to express concerns about Crypto Assets. In April of this year, the institution released a report warning that Crypto Assets could threaten financial stability and exacerbate the wealth gap, calling for strengthened regulation. Subsequently, in June, the BIS published another report on stablecoins, questioning their suitability as a currency and emphasizing the systemic risks they could pose.

The report specifically mentions that as the use of stablecoins in cross-border transactions increases, their connection to the traditional financial system is also deepening, which may trigger broader financial impacts. The continued attention from the Bank for International Settlements reflects regulators' vigilance towards the challenges posed by emerging financial technologies.

As the Crypto Assets industry continues to evolve, finding a balance between innovation and stability has become an important issue faced by both regulators and industry participants. In the future, how the integration of Crypto Assets with traditional financial systems will evolve remains a focal point of close attention in the financial sector.