Explaining the Regulatory Sandbox: What Does It Mean?

BusinessWed Mar 27 2024

Source: Explaining the Regulatory Sandbox: What Does It Mean?

Regulatory Sandbox" (RS) based approach has been adopted by central banks in many countries, where the regulators work closely with emerging FinTech firms. The Reserve Bank of India has also adopted the concept of RS. It is necessary to make innovation grow. It ensures compliance with regulations in a controlled environment.