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Why FinTech Should Welcome Regulations

Despite the obstacles that young entrepreneurs might appear to face because of regulation, they serve an important goal – to ensure positive outcomes for society in the long-term. Without regulations, modern businesses wouldn’t be able to exist as the resulting chaotic environment would destroy them.

Regulations allow to balance the power distribution and create legitimate opportunities for everyone, they protect financial institutions and lenders from untrustworthy borrowers, create a transparent environment for businesses to operate and make sure that businesses understand the necessity to consider the outcome of their actions and the way they affect the market.

Although there is a generally recognized necessity to improve the international regulatory environment, there is also a lot to be done by the majority of the governments to establish a fertile ground for the business to prosper in their countries. And, fortunately, a range of governments have been taking actions to ea ...

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