Banks Poised to Gain Edge Over Exchanges Under New Crypto Regulations

Regulatory changes in Brazil may give banks an advantage over exchanges in their competition to offer cryptocurrency services, according to executives from Matera.

The new regulations require both banks and exchanges to comply with similar standards, but banks already have a head start due to their existing infrastructure for governance, risk management, and compliance.

This gives them a competitive edge as they seek to enter the market without having to build everything from scratch.