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Banks are starting to see the appeal of digital technology and assets, but they are not always prepared for the commitment required. Erica Khalili, co-founder of Lead Bank, highlighted at Ripple Swell in Miami that the crypto sector requires a large investment and a close relationship with regulators.
- **Regulatory strategy**: Regulatory clarity is key. Lead Bank takes a three-pronged approach: education, use cases, and patience.
- **Education**: Combat negative perceptions with real-world examples.
- **Use cases**: Show how digital assets already influence capital markets.
- **Patience**: Accept that rules change and adapt.
What do you think about banks' foray into the crypto world? Leave us your comment!