South Korea chose to mandate a technology rather than the desired outcome and never to update that law. They could alternatively have mandated multi-factor authentication or even simply made banks liable for any fraudulent transaction without any discussion of technology at all. These are all regulations but would affect the market in very different ways.
No, I don't think all regulations are created equal, but thanks for playing.
I have no problem with regulations in general. From the start here I said "silly regulations". Trying to combat bloatware by simply banning them is, in my opinion, silly. Even if you establish that this problem is so big that the government needs to get involved, there are other tools at their disposal. Tax incentives is one such tool.
http://marginalrevolution.com/marginalrevolution/2006/08/the...
South Korea chose to mandate a technology rather than the desired outcome and never to update that law. They could alternatively have mandated multi-factor authentication or even simply made banks liable for any fraudulent transaction without any discussion of technology at all. These are all regulations but would affect the market in very different ways.