Russian Prime Minister introduces bill that allows blockchain FinTech sandboxes

posted 3 months ago
The Russian government may soon allow the creation of regulatory sandboxes for companies working on new technologies such DLT (distributed ledger technology.) On March 17th, Prime Minister Mikhail Mishustin introduced a new bill that states distributed ledger technology could be explored in new “experimental regulatory regimes.”

Such regimes can be established to live-test the new technologies in medicine, transportation, distant learning, financial markets, e-commerce and other sectors. The bill gives Russia’s regulators scope to “deal with technology in a more flexible way.” Notably, the Bank of Russia, the central bank, will be supervising the sandboxes related to fintech.
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