EDITORIAL: Issues with financial digitalizationThere is no denying that the digital economy has great potential in terms of size and scope. At the same time, digital platforms and assets are under greater regulatory scrutiny than ever before. In Taiwan, financial institutions — such as banks, insurance companies, securities and futures brokerages, investment trust enterprises and asset management firms — are highly regulated and subject to licensing requirements. As for virtual asset management, the commission faces the same regulatory dilemma between prudential regulation and financial innovation. When fintech brings greater convenience, the essential question remains: How can digitalization benefits be extended to all parties without hindering financial innovation and market competition?
