Blockchain ID app accesses South Korea city’s public services
Citizens will be able to access government services in Busan city via the app, which is used to verify their identity.
Latest regulatory sandbox News
South Korea fintech sandbox attracts $111M funding, creates 380 jobs
South Korea has revealed that its fintech sandbox has been a massive success, with $111 million worth of investment attracted and the creation of 380 jobs.
With 2,000 applications, Israel fintech regulator eyes licensing changes
The Israeli Capital Market Authority is seeking to make changes to its licensing regime in order to encourage competition and grow the country’s fintech industry.
Brazil to launch regulatory sandbox for blockchain and fintech
The Brazilian sandbox, supported by several agencies, will allow them to study new technologies while encouraging innovation.
Reserve Bank of India urged to rethink crypto ban in regulatory sandbox
Lobby groups are urging the Reserve Bank of India to reconsider its ban on cryptocurrency-related products from joining the proposed regulatory sandbox.
South Korea regulator adds 9 blockchain firms in new sandbox cohort
A total of 105 companies had applied to take part in the program since its launch in January 2018, according to South Korea’s Financial Services Commission.
3 blockchain firms get green light to join UK FCA’s regulatory sandbox
The Financial Conduct Authority has included Diro Labs, Fintech Delivery Panel Partners and ecommerce payment firm Nuggets within the cohort 5 group of companies.
Russia will explore blockchain in 4 regulatory sandboxes
Russia will establish four regulatory sandboxes for companies to try out new blockchain technology, amongst others, in before real rules kick in.
Austria’s minister of finance wants a fintech regulatory sandbox
Austria’s minister of finance, Hartwig Loeger, wants a sandbox for fintech business models to be tested in.
Shariah-compliant crypto exchange Rain graduates from Bahrain sandbox
Rain, a Bahrain based cryptocurrency exchange, has graduated to the Central Bank of Bahrain’s Regulatory Sandbox.
UK’s FCA accepts 29 crypto startups to regulatory sandbox
The UK’s Financial Conduct Authority (FCA) has accepted 29 companies into cohort 4 of its regulatory sandbox, designed to create a safe space for innovation in crypto assets.
Russia’s 2 largest banks to test crypto portfolios, starting with Top 6 cryptocurrencies
State-owned Sberbank and Russia’s largest private bank, Alfa Bank, are testing cryptocurrency investment portfolios under the central bank’s ‘regulatory sandbox.’