Critics of a recently proposed industry regulation have raised concerns that it may stifle innovation and limit growth within the sector. According to industry experts, the proposal’s requirement for a 15-year registration period is excessively long and could discourage new businesses from entering the market.
Stakeholders argue that such strict regulations may favor established players while creating barriers for startups and emerging companies, potentially slowing the overall dynamism of the industry. “Innovation thrives in an environment where entry is feasible and regulations are balanced,” said one industry representative.
Economic analysts warn that the long-term registration requirement could reduce competition, limiting opportunities for consumers and reducing overall market efficiency. Authorities have acknowledged the concerns and are reportedly reviewing the proposal to ensure it supports sustainable growth without hampering innovation.
A final decision on the regulation is expected in the coming months.
