fintech regulation

Fintech regulation refers to the rules and laws that oversee financial technology companies, such as payment apps, digital banks, and cryptocurrency platforms. These regulations aim to protect consumers, ensure financial stability, and prevent fraud or illegal activities. They typically cover licensing requirements, data security, anti-money laundering measures, and consumer rights. As fintech innovations evolve, regulators adapt to maintain a balance between fostering innovation and safeguarding the financial system. Overall, regulation provides a framework to ensure fintech services operate safely, transparently, and fairly for users and the broader economy.