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October 21, 2026 7:16 pm
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Alex Gluchowski, CEO of zkSync developer Matter Labs, said the main reason banks have struggled with blockchain is not the technology itself but system-level issues, Crypto Briefing reported. Gluchowski said banks have spent years experimenting with blockchain, but very few efforts have led to products real customers use, citing operational problems such as issuance controls, transfer processing methods, audit requirements, and compliance workflows.