Ledn Lianchuang shares solutions on how small crypto startups can avoid de-banking

Debanking has always been a major issue for cryptocurrency companies, but it is even more of a problem for smaller projects that lack financial and legal resources. Ledn co-founder Mauricio di Bartolomeo offers several affordable solutions for small cryptocurrency startups to avoid debanking, while noting that maintaining regulatory compliance is key to facilitating relationships with financial institutions. He said startups should seek cost-effective legal counsel from law firms that offer special startup pricing. Small companies can also seek banks in other countries or operate their businesses on cryptocurrency guardrails until the company can establish traditional banking partnerships. Bartolomeo stressed the importance of regulatory compliance: "First, don't cut corners on compliance. Once you do that, you've debanked yourself. So, don't get crooked on AML or KYC compliance." (Cointelegraph)