Lead Bank co-founder: Regulatory transparency and cooperation between regulators are crucial for banks to get involved in the crypto space

Erica Khalili, co-founder of Lead Bank, said at the Ripple Swell conference that banks need to invest a lot of money and maintain close relationships with regulators to enter the crypto field, which is not easy for the crypto banking industry. Khalili said that the number of new banks entering the industry makes regulatory transparency and inter-institutional cooperation between banking regulators essential. Although digital assets bring efficiency improvements to the capital market, banks must have a strategy to deal with regulation and remain patient to adapt to changing rules. Khalili emphasized that getting involved in the crypto banking field requires a deep understanding of products, technology and talents, and it is difficult to succeed by simply testing the waters. (Cointelegraph)