Banking hurdles refer to the difficulties or obstacles encountered when interacting with traditional financial institutions, particularly in the context of digital assets. These challenges can include stringent regulatory compliance requirements, slow transaction processing times, or a general reluctance from banks to service cryptocurrency-related businesses. Such barriers often impede the integration of digital assets into mainstream finance.
Context
News reports frequently address banking hurdles as a significant impediment to the wider adoption and institutional acceptance of cryptocurrencies. Regulatory uncertainty often causes banks to exercise extreme caution, leading to limited banking services for crypto companies. Overcoming these operational and compliance challenges remains a key area of focus for both the digital asset industry and financial regulators seeking clearer guidelines.
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