1. the absence of official rules, controls, or oversight governing a particular activity, industry, or sector
The lack of regulation in the cryptocurrency market has led to increased fraud.
A falta de regulação no mercado de criptomoedas levou a um aumento de fraudes.
2. insufficient governmental or institutional enforcement of standards and guidelines
The company took advantage of the lack of regulation to cut corners on safety.
A empresa aproveitou da falta de regulação para cortar custos em segurança.