Law & Policy

Why are regulators technophobic? 

My read as an outsider is they are simultaneously too lazy to do proper regulation (or unwilling to allocate resources there) while trying to increase the ambit of their rule making 

As such it’s not tech per se just change which is accelerated by tech exposing this

Regulators are afraid of technology they don't understand, so they prefer to slow down its development with regulations, which is odd, since technology start-ups bring in a lot of money for the state's economy. Unfortunately, few jurisdictions actively cooperate with practitioners. 

Another theme is that the regulatory process will always be slower than the development of technology, so the law will always be behind :/