blockchain

From February 4 to 7, 2025, Deputy Director Professor Yueh-Ping Yang of our Center was invited to participate in the Transnational Program organized by the Faculty of Law, Waseda University. He delivered a lecture titled “FinTech’s Challenges to Financial Regulation: An Accountability Perspective” to the participants of the program.

The Transnational Program is a long-standing international short-term course hosted annually by Waseda University’s Faculty of Law. The 2025 program focused on the theme of financial technology (FinTech) and was jointly organized by Professor Shuichi Furuya, Director of the Graduate School of Law at Waseda University, and Professor Atsushi Koide. Participants included faculty members and students from National Taiwan University (Taiwan), Seoul National University (Korea), Queen Mary University of London (United Kingdom), Bucerius Law School in Hamburg (Germany), and Waseda University (Japan). The program featured lectures and student group presentations on various FinTech-related issues.

In his lecture, Deputy Director Yueh-Ping Yang highlighted how the emergence of FinTech—characterized by the cross-border nature of the internet, the decentralization of blockchain, and the automation of artificial intelligence—has diluted and restructured the traditional “regulatory intermediaries” upon which financial supervision has long relied. This transformation poses significant challenges to conventional accountability frameworks in financial regulation.

Deputy Director Yang further proposed several potential directions for regulatory adaptation. These include: (1) direct regulation of FinTech providers, (2) indirect regulation of FinTech providers through traditional financial institutions, and (3) technical regulation conducted in cooperation with non-financial regulatory authorities.