“If the government needs to introduce or consider a regulation, the most important lens to view that regulation through is the impact that it may have on the digital entrepreneurs and the investors,” said Matthew C. Le Merle, managing partner at Fifth Era, a Silicon Valley-based consulting firm specializing in emerging-market tech investing. “Most regulators are moving too fast to introduce regulations without having considered the impact on the people that are driving the digital economy [at] grass-root levels, and that is a mistake.”