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Understanding the Impact of Georgia's Financial Services Regulation Law on Businesses and Consumers

Introduction Georgia's financial services regulation law is a comprehensive piece of legal and regulatory framework, addressing the financial services sector, with a targeted focus on consumer protection, digitization of financial services, and facilitating the growth of the financial industry. Since its introduction, the financial regulation law has had several impacts on both consumers and businesses, stretching across diverse sectors of the economy. This article aims to provide insights into the impact of the Georgia financial services regulation law on businesses and consumers. What is Georgia's Financial Services Regulation Law? Georgia's financial services regulation law is a comprehensive regulatory framework aimed at protecting customers, facilitating the growth of the financial industry, and creating an efficient market environment. Created in 1999, the law provides a robust set of rules and guidelines for practically all aspects of financial services, including de...