Introduction of fintech regulatory sandbox by Central Bank is a move in correct direction

A regulatory sandbox

 Monday, 14 May 2018

The Central Bank of Sri Lanka has recently announced its intention to create a sandbox for financial institutions to experiment with new financial technologies, without running the risk of getting caught for violating regulations pertaining to the sector (available at: https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/press/notices/notice_20180502_sri_lankan_fintech_regulatory_sandbox_e.pdf).

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