1. The state or condition of having no formal rules, standards, or governmental oversight in a particular area or industry
The absence of regulation in the cryptocurrency market has led to increased fraud.
A ausência de regulamentação no mercado de criptomoedas levou a fraudes aumentadas.
2. The lack of official guidelines or compliance requirements for a specific activity or business sector
The company took advantage of the lack of regulation to cut costs.
A empresa aproveitou-se da ausência de regulamentação para reduzir custos.