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SFC launches regulatory sandbox to promote fintech development

Asian Private Banker - SFC and SEC enhance cross-border scrutiny

Hong Kong’s Securities and Futures Commission (SFC) has launched a regulatory sandbox for fintech initiatives, the regulator said in a statement today, adding that the platform will provide a “confined regulatory environment” for qualified firms to test their fintech initiatives. “The SFC recognises that firms utilising innovative technologies may broaden investor choice and benefit the Hong Kong financial services industry,”…

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