December 21, 2022- U.S. Senate Banking Committee Ranking Member Pat Toomey (R-PA) introduced legislation that would establish the first federal regulatory framework for payment.
Prologue
Startups are young companies that are founded to develop a
unique product or service and bring it to the market. In recent
years on the African Continent, several startups have been making
positive impact in their communities leading to several countries
enacting or planning to implement a Startup Act. So, a pertinent
question is, should Nigeria jump on the Startup Act
bandwagon ?
In this article, we will examine this question by; understanding
what Startup Acts are, exploring the reasons why countries
are trying to implement this peculiar legislation, and explore
alternative pathways that can adopt be adopted, and finally