“Yeah, it is heavily regulated. We don’t loan or provide any form of credit, so we don’t have to be regulated. We do a lot of work with the FCA, and we are regulated to move money. We have a license to move money. But, actually, we’re a regulated-light business, which is good. Because we don’t loan or provide credit, we don’t need that regulation. Hence, we’ve launched in Spain, the Netherlands, and now in the U.S., and none of those need to be regulated entities because we are only giving people access to the money that the company owes them.”