"Looser regulations" refers to a situation where rules and restrictions are less strict or lenient. It means that there are fewer limitations or requirements for certain activities or industries. Full definition
So perhaps in this early stage of loose regulation governing the cryptocurrency space, it's prudent for banks to take a step back so the industry can move forward. (cryptotimes.news)
These cities are all found in loose regulation states. (relinquishment.org)
In order to ensure that they can remain competitive, several countries have taken a «sandbox» stance, allowing blockchain startups to operate under loose regulations. (disruptordaily.com)