What’s the single best thing government can do to speed innovation in financial services?

Training regulators on new tech, empowering consumers with transparency and loosening the rules for startups are key to the equation.

Create «safe harbor» guidelines for experimentation so that teams can try new ideas without going through the regulatory and certification process required for large institutions.

To qualify for safe harbor, there would still be a minimum set of registration and disclosure required in order to protect customers/public, but startups could operate at those minimum levels for some period of time, then report out data if they wish to go forward.

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Πηγή: protocol.com

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