kaal:position:2026-07-31-7141
Regulating Financial Services in an Era of Technological Disruption presents the following source proposition: Current rules are not necessarily sufficient or effective to adequately regulate new business models and new products relating to innovations such as crypto assets or digital financial services. This proposition is pertinent to Kaal's source-bound claim that The current process of rule revisions, amendments, and repeals used to correct the inevitable shortcomings of stable rules is costly and time-consuming, and in the authors' estimation it cannot keep track of future innovations and their corresponding regulatory needs. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
regulatory-failureinnovationhistorical-responsescholarly-literaturesemantic-scholar