Regulating Money

Sunduzwayo Madise ()
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Sunduzwayo Madise: University of Malawi

Chapter Chapter 5 in The Regulation of Mobile Money, 2019, pp 149-200 from Palgrave Macmillan

Abstract: Abstract This chapter analyses the regulation of money. It looks at regulation of the financial sector and the roles of central banks and financial regulators especially post the 2007 financial crisis. It looks at approaches useful in regulating mobile money and the unique challenges that regulating such an emerging service may pose. Mobile money is a financial service and a telecommunications service, straddling between the financial and communications regulators. The hybrid nature of the mobile money services therefore requires a different regulatory approach. The chapter notes that light-touch regulation has been used as the preferred model for mobile money. The chapter however argues that real responsive regulation is the approach that embraces the evolution of mobile money and its ecosystem.

Keywords: Regulating money; Financial sector; Globalised money; Regulatory space; Mobile money; FATF (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-030-13831-8_5

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DOI: 10.1007/978-3-030-13831-8_5

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