PayPal issued a new blog post on October 28 in which it openly discussed the possibility of government regulations being implemented in the electronic payments industry.
In the post, the company cited three reports that suggested that by taking a new approach to regulation, regulators could benefit consumers and spur businesses innovation.
“PayPal believes that while specific regulatory processes or policies may seem frustratingly outmoded, it is critical to begin any meaningful discussion of payments regulation with a clear recognition that the core, real-world, societal goals underpinning payments industry regulation are timeless and valuable,” the blog post said.
To read the full blog post, click here.
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