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Blockchain: Playing in the regulatory sandbox


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Regulatory sandboxes have proven to be a useful tool for the wider fintech industry in various jurisdictions. “Promising innovations may be stifled and opportunities missed as firms may be unclear on whether a new product or service complies with legal and regulatory requirements, and consequently may choose not to pursue their new product or service further”.

The fine against Ripple for it's early practices is a case in point.  It unfairly targeted one of the only blockchain-based businesses brave enough to have an office in the U.S.  (Thanks for scaring off new fintech business to other countries that understand the "sandbox" concetp!)

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