The Central Bank of Sri Lanka is preparing the fintech sandbox

Regulatory sandbox is coming to Sri Lanka

The payments and settlement department of the Central Bank of Sri Lanka intends to set up a sandbox for fintech regulation.

The bank says the rapid growth of fintech innovation in the country “created the need to create an environment that encourages and encourages their advancement while maintaining appropriate regulatory standards”.

The aim of the sandbox initiative is to “promote and enable fintech initiatives …

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