CryptoProcessing’s MLRO on why banking access is still crypto’s biggest challenge
Crypto firms have spent years trying to convince banks that they’re safe to do business with. Even now, with far more regulation in place than a few years ago, plenty of those firms still get turned away at the door. Jelizaveta Paskovskaja, Money Laundering Reporting Officer (MLRO) at CryptoProcessing by Coinspaid, has a clear explanation for why the rejections keep coming. Regulation never automatically creates trust, she says. It hands the market a framework, but banks and partners still have to feel they understand how a crypto business actually works before they sign off on it.
Why a “No” Still Beats Doing the Work
That gap between regulation and trust is exactly why de-risking has stuck around even as the rulebook keeps getting thicker. Many traditional institutions still find it easier to issue a flat refusal than to build out a proper risk-based view of a crypto partner, Paskovskaja...
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