A regulatory and legislative boom is underway in the online alternative finance space, according to a global survey of 111 regulatory jurisdictions by the World Bank and the Cambridge Centre for Alternative Finance. “It is clear from this study that regulators around the world believe that alternative finance is a force for good and understand the benefits which it can bring about for access to finance, financial inclusion, competition in financial services, job creation and economic growth,” the report concludes. “There is also a desire among regulators to make the necessary changes to bring this about, and plans are being made to do so.”
Read the full article [crowdfundinsider.com]
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