Sarb denies fintech firms have joined ‘sandbox’
Central bank denies claims blockchain start-up has been accepted into the scheme, as it does not currently exist
The South African Reserve Bank (Sarb) has denied launching a “regulatory sandbox”, following local media reports, although it has held discussions with certain blockchain-related companies.
A spokesperson tells Central Banking the Sarb has not entered into an agreement with service providers regarding technological innovations such as blockchain, distributed ledgers or machine learning.
“We can confirm to date no firms have been selected, neither have any agreements been entered into
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