Revaluating the Regulatory Approach Towards E-Wallets: The Need to Shift From Activity-Based to Entity-Based Regulation

In this post, the author seeks to highlight the need for a shift in regulatory approach for the e-wallet market and analyses the shortcomings of the current data protection network. In doing so the author proposes a change by adopting an entity-based regulatory model instead of an activity-based regulatory model and showcases how that will benefit the fintech sector.