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The level of regulation and legislation involved in the room renting business is a little lower than for financial services.
Also need to consider what risk you're taking - having the guts to put consumer deposits at risk probably isn't what you mean here.
TY for your comment.
Typically, the room renting business is regulated at city level and finserv, at country level. Therefore, it could be argued that the room renting business faces a more complex regulatory framework than finserv.
But we'll never know. If a company doesn't go around checking the regulatory framework - which is the central theme of this post - how'd it know if X is more regulated than Y or the other way around?
I meant only regulatory risks. While that's explicit in Part 1 of this post titled “Fintechs Need Marketers And Lobbyists – Not Lawyers”, I do admit
that it's not clear from this Part 2 alone. Thanks for bringing it up.
I just read this apt line in today's FORTUNE DATASHEET:
"...I believe is happening at lots of much smaller startups that either don’t know any better or that have created a culture of flouting (in startup parlance, “disrupting”) the rules..."
Founder and CEO
GTM360 Marketing Solutions
17 Apr 2009
30 Oct 2020
04 Aug 2020
22 Jun 2020