Thailand decided to open a fintech regulatory sandbox, with the central bank set to invite firms to participate early next year, according to a release. The sandbox will enable developers working on lending, payment and money-transfer services and products to experiment for up to a year.
An online public hearing on the sandbox is live until 15 October with the plan that in the first quarter of 2017, Thai commercial banks will be first to apply to join, with non-bank financial firms and technology companies applying thereafter, whereas smaller startups have been advised to join incubator...
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