MAS prepares ‘sandbox’ for fintech testing
Sandbox designed to allow firms to fail without too great an impact
The Monetary Authority of Singapore (MAS) laid out plans for a "regulatory sandbox" today (June 6), designed to help fintech firms test unproven and possibly unstable ideas in a controlled environment.
Under the proposals – published in a consultation document – the MAS would allow fintech firms to test ideas on small numbers of people under somewhat relaxed legal and regulatory conditions for a limited period.
Failure is an important part of the innovation process, the MAS said, but it wants
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