The Impact of Digitalization Regulations on Financial Contracts from the Perspective of Regulatory Impact Analysis (RIA)

Abstract

This study aims to examine the impact of digitalization regulations on financial contracts using the perspective of Regulatory Impact Analysis (RIA). The advancement of digital technology has brought significant changes to transaction systems and the execution mechanisms of financial contracts, necessitating adaptive regulations to maintain legal certainty and stability. Employing a literature review method, this research explores various policies, regulations, and previous studies related to the digitalization of the financial sector. The analysis reveals that digital regulations play a crucial role in enhancing transaction efficiency, strengthening legal protection for consumers, and expanding financial inclusion through digital payment systems. However, challenges remain, such as high compliance costs, overlapping authorities among institutions, and the risk of stifled innovation due to overly strict policies. Based on the RIA analysis, this study recommends the harmonization of regulations across institutions, simplification of compliance policies, and improvement of public digital literacy to create a balance between legal protection, economic efficiency, and innovation within the digital financial ecosystem