The Monetary Authority of Singapore (MAS) announced today that it has issued a proposal for a regulatory sandbox for fintech startups and pilot schemes.
Companies will be able to test new financial services in a more relaxed regulatory environment.
The aim of the proposal is to make it easier for financial institutions and other companies to experiment with fintech offerings in the future.
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In June 2015, Head of MAS, Ravi Menon, first suggested “innovation in a sandbox” as ... (read more)