By steering clear of services that might draw the scrutiny of financial authorities, digital startups face a natural limit to the size of their market. Indeed, this arrangement – albeit informal – can be viewed as the way regulators manage the systemic risk posed by new entrants.
这意味着这些新公司所能提供的金融交易规模十分有限。数字创业企业规避那些可能引起金融当局严格检查的服务，因此它们的市场存在天然极限。事实上，这一安排——尽管不正式——可视为监管者管理有新进入者带来的系统性风险的方法。