Smart contracts in RegTech?

Ask any licensed financial entity and they will tell you of the burden with respect to compliance that stems from regulation. It’s overwhelming, to say the least.

Financial regulators publish a series of laws (read: regulations) that have to be enacted on the entities that are being regulated. No matter what territory you decide to pick as an example: the US, Canada, a country in the EU, a developing country such as Pakistan or Peru, financial regulations are a nightmare to deal with. In most cases, regulations are legal logic committed to paper. Read more: