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MAS sets up a “regulatory sandbox” for fintechs

The Monetary Authority of Singapore, looking to exert its control over the development of fintech solutions in the city-state, has today released a consultation paper proposing guidelines for the interaction between tech players and financial institutions. “The sandbox will help reduce regulatory friction and provide a safer environment for FinTech experiments,” said Jacqueline Loh, deputy managing director at MAS, who stressed…

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