Regulation must be precise applying only where governance is necessary. Regulatory sandboxes offer us a means to achieve that
One of my personal peeves—and I have been vocal about it in this column—is our government’s sometimes casual attitude to law-making. Far too often have we found ourselves having to deal with the unintended consequences of lazy legislation built on poorly chosen words applied without thinking through the implications of their syntax. Nowhere is this more acutely evident than in the context of technology regulation where rapidly changing technology makes the consequences of lax drafting all the more potent.
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