China Is Stepping Up Its Regulation Of Fintechs. Is This A Good Thing?
Share: Fintech has spread throughout China extensively over the last few years. But for the most part, it’s also gone unregulated. Recent investments in this field have accelerated its growth, with some fintech banks reaching values ofseveral billion dollars. As developments in fintech continue to emerge, Chinese regulators have become increasingly worried about the rate at which finance is being overshadowed by technology. The full extent to which these concerns will stretch has yet to be se...
Source: benzinga.com