An interesting situation has risen in the US, where the Federal Government is looking to regulate FinTech companies as if they were Banks  (Special Purpose Banks). Banks when first launched in the US were regulated by each State and it was also a challenge at that time to get the Federal Government to create a common standard and to reduce the chance of fraud by centralising this function across all States. The FinTech community whilst very quiet at this point may find that creating additional obstacles to do business may stifle their growth. Others such as the State Regulators are generally against it. Whilst the US on one hand wants to keep things within its boundaries, the question must be whether other regions such as the UK, mainland Europe or Asia may benefit from what some may be see as potential over-regulation. This story may run for a while as the various stakeholder across the US try to stand their corner.