Legal Features of Regulation of Digital Financial Services
Keywords:
Digital Financial Services, FinTech, RegTechAbstract
The digital transformation of the financial services sector has triggered significant legal and regulatory developments across jurisdictions. As the provision of financial services increasingly shifts to digital platforms, the need for updated legal frameworks becomes critical to ensure market stability, consumer protection, cybersecurity, and innovation. This article explores the legal features specific to the regulation of digital financial services (DFS), focusing on definitional aspects, regulatory challenges, technological developments, cross-border risks, and comparative legal frameworks from leading jurisdictions. Particular attention is given to licensing regimes, the role of financial technologies (FinTech), supervisory technologies (SupTech), and regulatory technologies (RegTech), as well as consumer protection mechanisms. The article concludes with proposals for harmonization and dynamic regulatory models suited for the digital age.
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