New Stuff & Old Laws
A common issue for new technology is the application of existing laws that were created before the new tech was contemplated. Examples include fintech (financial applications), fitness and health applications, and ridesharing services (such as Uber).
What is the issue?
Some activities and services are highly regulated. Financial services and the taxi industry are good examples. New entrants create innovative applications and services that compete with incumbents, but may or may not be regulated the same.
In some areas the entity may be regulated rather than the activity (often the case in fintech).
Laws sometimes prescribe a specific solution, rather . . . [more]


