While that may be the true in the cases of very small countries, on the other hand, Europe generally has even stricter regulations than the US and it also has b

While that may be the true in the cases of very small countries, on the other hand, Europe generally has even stricter regulations than the US and it also has better payment systems, so I'm not sure that the problem with the US taking so long to achieve this is necessarily due to having more regulations than other countries. The US also has recently seems to have a hesitance toward introducing new regulations that actually seems to have made it harder to change things like these in cases where the private sector isn't able to take the initiative on its own.