Guideline 2021 status not recorded

Fintech Regulatory Sandbox Guidelines

Effective: 1 Mar 2021

Summary

Reserve Bank sandbox framework issued February 2021. Allows testing for up to 24 months, requires a decision within 21 working days of a complete application, and lists mobile money, retail payments, digital KYC and regulatory technology products as eligible products. Crypto, digital currency and CBDC are listed as not eligible (Annex 3).

Topics: Payments & Fintech / Digital Assets

Who it applies to

Banking · Payments & Fintech

Official source

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