Multidisciplinary Journal of Science and Technology

Risks and prospects of state regulation of the financial technology market

Otabek Abdullayevich Eshqovov

Student of Termiz State University

##semicolon## Financial technology market, economic risks, legal risks, cyber attacks, Federal Reserve, Sandboxes and innovation centers and hacking.

सार

The financial technology (fintech) industry has experienced significant growth in recent years and revolutionized the way financial services are delivered and consumed. As this sector continues to expand, governments around the world are struggling with the issue of how to effectively regulate it. State regulation of the Fintech market provides both risks and prospects that must be carefully considered.

##submission.citations##

World Bank Group -www.worldbank.org

International Monetary Fund (IMF) -www.imf.org

Financial Stability Board (FSB) -www.fsb.org

Financial Times -www.ft.com

"FinTech Regulation: A Global Perspective" by the World Bank

"The Future of Financial Services: How FinTech Is Changing the Industry" by Harvard Business Review

"Regulating Fintech: A Guide to the Legal and Regulatory Framework" by the Financial Times