Tagged: sandbox

TokenMarket Security Token Offering Scheduled to Close on Monday

TokenMarket, part of the UK Financial Conduct Authority Sandbox program, is scheduled to close its own security token offering (STO) this coming Monday (July 22nd). TokenMarket launched its STO in early July seeking a max amount of £2 million. As it stands today, TokenMarket has… Read More

State of Utah Announces Regulatory Sandbox For Fintech Startups

State of Utah Department of Commerce announced earlier this month it is launching a regulatory sandbox specifically for fintech startups in the state. According to Francine A. Giani, Executive Director of the Utah Department of Commerce and Utah Representative Marc Roberts (R-Provo), the government service… Read More

Switzerland: FINMA Introduces New Fintech License and Sandbox Update

The Swiss Financial Market Supervisory Authority (FINMA) has introduced a new Fintech license and a “revision” of the provisions related to their Fintech sandbox ecosystem. FINMA stated that the Swiss parliament has introduced a new licensing category for Fintech companies. Simultaneously, FINMA said the Federal… Read More

Blockchain Payments Platform Nuggets Accepted into FCA Fintech Sandbox for 2nd Time

Nuggets, an e-commerce payments and ID platform that stores data on the blockchain, has been accepted into the UK Financial Conduct Authority (FCA) Innovation Sandbox, for the second time. This is the regulators’ fifth cohort since the Fintech sandbox launched. Nuggets will be testing its… Read More

Cambridge Centre for Alternative Finance Research: Fintech Can Boost Financial Inclusion if Regulatory Innovation Exists

A new report by the Cambridge Centre for Alternative Finance (CCAF) states that if properly regulated, Fintech can “extend the benefits of financial inclusion to millions of unbanked and underbanked people around the world.” Fintech has the potential to provide enormous benefit for the less… Read More

Disclosure Sandbox: CFPB Updates Sandbox Concept. Not Just for Fintech…

Last September, the Consumer Financial Protection Bureau (CFPB) issued a statement on their proposed regulatory sandbox – a concept trailblazed by the UK Financial Conduct Authority (FCA) and since embraced by multiple regulators around the world. At the time of the earlier announcement, the CFPB… Read More

EBRD Looks to Join UK Launched Global Financial Innovation Network, Partners with Estonia on Fintech Sandbox

The European Bank for Reconstruction and Development (EBRD), has applied to join the Global Financial Innovation Network (GFIN) as an observer. GFIN is a global Fintech Sandbox project orchestrated by the UK. GFIN claims a good number of global regulators – each looking to facilitate… Read More

Fintech Sandboxes & Innovation Hubs: European Report Outlines What’s Working Now

A joint report by the European Securities Markets Authority (ESMA), the European Banking Authority (EBA), and the European Insurance and Occupational Pensions Authority (EIOPA), addresses the topic of Fintech Sandboxes, the approach by regulators to partner with emerging Fintech firms by creating a safe place… Read More

Japan: Financial Services Authority Approves Crypto Garage for Fintech Sandbox, the First Blockchain and Finance Project Authorized

Crypto Garage has accepted into the Japanese Financial Services Authority (FSA) Fintech Sandbox program. This is the first blockchain and finance project authorized by the Sandbox. The FSA announced the news in a release which was followed by a post by the parent company of… Read More

Singapore: MAS Looks to Speed Up the Regulation Process with a Fintech “Sandbox Express”

The Monetary Authority of Singapore (MAS) has proposed an expedited process for aspiring Fintechs participating in their regulatory Sandbox. First launched in 2016, the Singapore Fintech Sandbox seeks to foster a mutually beneficial relationship between innovator and regulator.  In an industry with profound compliance requirements, the regulator is exposed to entrepreneurs seeking to… Read More

Blockchain based Finance: BlockEx Comments on Acceptance into FCA Fintech Sandbox, Preps Digital Bond Service

The Financial Conduct Authority (FCA) posted its next cohort of Fintech companies accepted into their regulatory sandbox and several blockchain based companies were on the list. BlockEx, a company that is launching a digital bond service on blockchain, was one of these companies.  BlockEx expects… Read More

Blockchain Platform 20|30 to Test Issuance of Equity Tokens Under FCA Fintech Sandbox Guidance

Yesterday, the Financial Conduct Authority announced the next cohort of firms to be accepted into its Fintech Sandbox program. Within this group is a good number of crypto / blockchain. One of these firms, 20|30, will commence test initial coin offerings that will be equity… Read More

Fintech Sandbox: FCA Announces 29 Firms for Fourth Cohort for Innovative Regulatory Process

The UK Financial Conduct Authority (FCA) has posted the 29 firms that will be part of the fourth cohort of the Fintech sandbox. The UK was the trailblazing regulatory agency that first created an environment where innovative financial firms could safely experiment with new services… Read More

Christopher Woolard, FCA Director of Competition: Regulators Must Work Together to Foster Fintech Innovation

Christopher Woolard, the UK’s Financial Conduct Authority  Executive Director of Strategy and Competition, delivered a keynote speech today at the Innovate Finance Global Summit. Woolard is the defender and champion of the vital competition mandate that has made the FCA a successful financial regulator.  Woolard… Read More

Securities Commission Malaysia Opens Up Fintech Sandbox for ATS Applications

The Securities Commission Malaysia (SC) has announced that parties interested in establishing and operating an Alternative Trading System (ATS) in Malaysia can apply to participate in regulatory sandbox sessions under the SC’s FinTech Innovation Lab (aFINity – alliance of Fintech community). This follows the Budget… Read More

Australian Securities & Investment Commission Reviews Regulatory Sandbox & Proposes to Retain Fintech Licensing Exemption

The Australian Securities and Investment Commission (ASIC) had previously committed to review its regulatory sandbox and Fintech licensing exemption and upon review, officials have proposed to maintain the current status. The regulatory Fintech sandbox was introduced in December 2016 and enables eligible firms to test… Read More

Australia Introduces Legislation Designed to Boost Fintech

The Australian Government has introduced a legislative framework for an “enhanced regulatory sandbox” to enable new Fintech products and services to be tested in Australia. The proposal is designed to extend the scope of activities beyond that of the regulatory sandbox launched by ASIC in… Read More

Arizona AG Mark Brnovich Calls for Creation of Fintech Sandbox

Arizona Attorney General Mark Brnovich has publicly requested the creation of a Fintech Sandbox in his state. Brnovich published his belief in an OpEd for American Banker. Brnovich is of the opinion that Arizona should be the first state to create a Sandbox as it… Read More

Innovation Friendly: Lithuania Seeks to Become Fintech Center as Bank of Lithuania Looks to Launch Regulatory Sandbox

  Lithuania is the latest country joining the Fintech revolution by recognizing the importance of fostering a regulatory environment that is conducive to change and challenges established norms. The Bank of Lithuania is out with a statement regarding the launch of a sponsored Fintech Sandbox…. Read More

US Commodity Futures Trading Commission Launches Major Fintech Initiative: LabCFTC

The US Commodity Futures Trading Commission (CFTC) will embark on a “major Fintech initiative” with the creation of LabCFTC. The venture was launched to promote responsible Fintech innovation and to encourage competition in the markets the CFTC oversees. “Simply put, LabCFTC is intended to help… Read More

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