Core Insights - The current innovation in financial technology has shifted risks from traditional credit and market risks to technology, model, and compliance risks [4][5] - Digital technology has fundamentally transformed social and financial relationships, creating new legal challenges and opportunities for law [3][4] - The definition of financial data is crucial, as it affects regulatory and market data classification, which can lead to confusion in subsequent rules [4] Group 1: Financial Technology Risks - Financial technology innovation has transitioned risks from traditional credit and market risks to technology, model, and compliance risks [4] - New challenges in the financial industry include issues such as distorted information from IoT devices affecting insurance claims and liability for erroneous advice from AI financial advisors [4] Group 2: Legal and Regulatory Framework - The future legal and regulatory framework should develop capabilities to penetrate technological black boxes and define responsibilities in decentralized environments [5] - There is a need to enhance the protection of financial consumer rights within the evolving legal landscape [5] Group 3: Digital Technology and Law Interaction - Digital technology has created new legal issues, such as data ownership disputes, which require legal responses [3] - Law must not only regulate technology but also serve as a tool to promote healthy technological development, indicating a bidirectional relationship [3]