According to the Beijing News, Zhang Xiaoyan, deputy dean of the Wudaokou Finance College of Tsinghua University and vice president of the Institute of Financial Science and Technology of Tsinghua University, said in an interview that many international financial regulators are actively promoting the construction of national regulatory technology. The Financial Supervisory Authority was the first country to propose and attempt to apply regulatory technology. In 2015, it officially launched independent regulatory technology projects, including Digital Regulatory Reporting (DRR) and Blockchain-Based Regulatory and Compliance (BARAC). In addition to the UK, France is piloting a banking and market blockchain trading model. The Austrian central bank is exploring the use of data cubes to replace traditional regulatory data shipments. Singapore's regulatory authorities have also set up separate financial technology regulators to regulate innovation in financial services. . The US Financial Supervisory Authority is using some artificial intelligence algorithms to check for improper trading behavior in the securities market, such as manipulating stock prices, fraudulent listings, and so on.