1. The lack of rules, laws, or official guidelines governing a particular activity, industry, or area
The absence of regulation in the cryptocurrency market has led to significant volatility.
A ausência de regulamentação no mercado de criptomoedas levou a uma volatilidade significativa.
2. A state where there are no legal requirements or oversight mechanisms in place
Due to the absence of regulation, many small businesses operate without proper licensing.
Devido à ausência de regulamentação, muitos pequenos negócios operam sem licença adequada.