Fintech in Light of the 2020 Emergency: Excess Innovations to the Facts—From Securitization to Tokenomics, and More

The research objective of this article is to gauge the regulatory resilience in the fintech space, drawing examples from the recent global pandemic. With due credit to technology’s considerable innovations in finance and banking, this paper warns about distortions that may trigger bubbles and crises caused, for instance, by the phenomenon of tokenomics. The article points to how the COVID-19 pandemic revealed potential distortionary effects ahead of possible bubble bursts. Starting with the importance of resilience, the article traces parallelswith the COVID-19 global health crisis and the policy and regulatory response to the pandemic, coining the terms pandemization of the economy and calling for controlled regulatory entropy as a means for regulators to regain centerstage with more and better-targeted regulation.