Famously, European policymakers enjoy some thoroughly drafted regulation. In the tech sphere, the EU’s digital strategy — rules on AI, data (including governance) and digital markets and services — has at times put it in conflict with the startup community.
That’s because regulation is a two-headed beast. On the one hand, it can raise high entry barriers for cash-strapped ventures and hamper growth plans; on the other, it makes them trustworthy to clients, partners and — crucially — governments. And where there’s obligation, there’s also opportunity — which is where regtech startups started to sprout.
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