It is only necessary to apply the right regulations, so that traditional bank functions can continue to function as they function, while crypto (DeFi) is still given a limit, so that they do not surpass traditional banks, but if this continues to be opposed, then what is feared is that they will be better than banks. and in the end it was the bank that was abandoned by many people, it is not impossible that this will happen, the development of the times can happen things that are beyond people's predictions
What do you mean by the right regulation? You know that In fact, it is already functioning, so any further regulation is not necessary for a bank to keep continuing what they are doing. And Defi was given a limit is not because it will directly compete with a bank, instead, in some countries, they even still do not have any regulation at all.