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❓ASK What does the ability of EMIs to offer services in heavily regulated industries depend on?

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Blaka

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EMIs have the capacity to offer services to individuals and businesses in industries that are under heavy regulatory scrutiny, such as gaming or adult entertainment. However, the ability to do so depends on the specific regulations of the jurisdictions in which they operate. These industries typically have strict regulatory demands, and EMIs must successfully navigate and adhere to these regulations in order to provide their services. It is crucial for EMIs aiming to operate in sectors with heightened regulatory scrutiny to engage in collaboration with legal professionals and conduct comprehensive research on the regulatory landscapes.
 
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Two factors would help electronic money institutions to penetrate and serve highly regulated industries. And those are robust security and ability to secure strong partnerships with industry stakeholders. These two factors would help build trust in the ability of a particular EMI to serve a particular industry.
 
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