There is no denying that financial technology is continuing to grow at a fast pace. This innovative sector of technology has rapidly moved across the world, creating new startups and applications that has disrupted how society runs. With great inventions comes large investments. With the U.S. being a pioneer of FinTech projects, there have been some speculation of whether the government has created a barrier to its growth.
According to Rebecca Campbell, sourced by Reuters, “investments declined by around 30 percent in the U.S. even if the nation did still manage to bring in over $4 billion.” With political uneasiness of a new president, the regulations of this new sector within technology have been ambiguous. While many investors seek to invest within this growing platform, without clear regulations, it can create confusion towards the future of companies.
Understandably, with a switch in government during the last election, the political system and regulations of technology and business have been unpredictable. The effect of new laws can create large shift in investment and growth for these companies. Without solid foundation of regulations, companies may find other countries to be more appealing and much easier to run business.
https://www.cryptocoinsnews.com/us-regulatory-environment-hinders-fintech-growth/