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The financial technology industry is one of the most exciting frontiers in the finance sector. New innovations in FinTech promise to shakeup the industry in a big way. Of course, that’s assuming those innovations aren’t quashed by over-regulation.

A survey conducted in 2015 among top financial services CEOs showed that 86 percent of respondents were concerned that over-regulation would limit their company’s growth prospects. Much of this worry is ultimately rooted in uncertainty regarding the regulatory environment going forward. Currently, nearly 50 percent of traditional financial companies and over 40 percent of FinTech firms cite regulatory uncertainty as a key challenge, placing it among the top three issues for both groups.

Fear throughout the FinTech industry isn’t necessarily misplaced. Other industries have already suffered at the hands of reactionary government regulations that stifled innovation. Take for example newly imposed regulations for self-driving, or autopilot, cars. Immediately following a fatality associated with a self-driving car, the government created a 15-point safety inspection process. Although thousands of people die on U.S. roads each year and millions are injured, this one incident associated with developing technology evoked drastic action. And in other parts of the world, the FinTech industry is already seeing interference.

In January, 2016, the Chinese government went as far as to suspend the registration of new business licenses for finance-related organizations. The Peoples’ Bank of China led this initiative, claiming the move would protect investors in the wake of the scandal surrounding P2P lending platform Ezubo, as well as the company’s ensuing collapse. Chinese officials acted after Ezubo was revealed to be an apparent Ponzi scheme,one which ultimately cost more than 900,000 investors a total of $7.6 billion.