How Regulatory Sandboxes Shape Fintech Innovation and Risk Distribution

监管沙盒如何塑造金融科技的创新与风险分配

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Regulatory sandboxes allow fintech startups to test novel products under temporary, supervised exemptions from full compliance requirements—a mechanism pioneered by the UK’s FCA.
While intended to accelerate responsible innovation, sandboxes often privilege well-funded firms with legal and compliance teams capable of navigating complex application processes.

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