Government-Powered FinTech Sandboxes Launched to Create Safe Environments to Take Risks

Witnessing the outstanding success and growth of global FinTech ecosystems, a growing number of governments are deciding to take actions to foster innovation and create welcoming national environments for startups to grow and bring the latest technological advancements into countries. FinTech sandboxes are being launched by governmental structures steadily and are looking for innovators to take risks in safe and welcoming environments.

FinTech Sandbox by Abu Dhabi Global Market (ADGM)

One of the most recent initiatives was launched by The Financial Services Regulatory Authority (FSRA), one of three divisions of the Abu Dhabi Global Market (ADGM). Abu Dhabi Global Market is a broad-based international financial center for local, regional and international institutions.

Almost a month ago, ADGM released a consultation paper to invite public feedback and comments on the proposal to establish a regulatory framework to support participants deploying innovative technology ...

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