# FFT21: [Economy and Society Plenary] To be born in Europe for a fintech, master or ball trump card

Is it bad or good to be born European FinTech in the field of accounting or taxation? On the one hand, the definite disadvantage of a balkanized market in terms of regulation or tax law, on the other ... The advantage of a balkanized market, creator of bottlenecks and complexity for American or Asian fintechs.