Regulatory Sandbox

SEBI Adopts Regulatory Sandbox Approach for Implementing Blockchain & AI in Fintech

SEBI Adopts Regulatory Sandbox Approach for Implementing Blockchain & AI in Fintech

The Securities and Exchange Board of India (SEBI) has revealed that it is adopting a ‘regulatory sandbox’ approach to utilize the cutting-edge technologies such as blockchain and artificial intelligence (AI). The SEBI officials have claimed that innovation in Fintech can be better achieved by following a ‘sandbox’ approach, which offers temporary relaxations of regulations to build a safe platform for companies to test Fintech services in a live environment, without lending them full authorisation and licensing protocol.