Crypto Firms' Challenge: Gaining Bank Trust
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 [...]
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As we enter 2026, crypto firms have made significant strides in building trust with banks and financial institutions. However, the challenge of gaining access to traditional banking infrastructure remains a critical hurdle for many. Jelizaveta Paskovskaja from CryptoProcessing by Coinspaid highlights that while regulation has improved, the lack of understanding and fear of new technologies still hinders collaboration. The industry must continue to foster open dialogue, demonstrate robust security measures, and educate both regulatory bodies and banks about the benefits of crypto integration to overcome this persistent challenge. This evolution in trust-building reflects a broader trend towards financial inclusion and innovation, with crypto playing a pivotal role in democratizing access to financial services globally. Read more about AI's impact on businesses in our related article