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Global Regulators Work Together On Blueprint For FinTech ‘Sandbox’

PYMNTS

According to Reuters , Britain’s Financial Conduct Authority (FCA) announced the plans for a global testing bed for new financial technology apps. With that in mind, last month the EU’s executive was set to propose a draft law aimed at boosting the FinTech market throughout the region.

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 FinTech Collaborations and Frameworks Gain Steam in Asia

PYMNTS

As the site reported, the plan states that stronger FinTech risk controls should be in place, and adds that FinTech can help improve the quality of financial services through the country. Blocktrade, according to a release, has a European license in place to trade with tokens and digital coins.

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Kuwait Debuts FinTech Sandbox

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As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases.

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Can The Wealthiest City Win At FinTech?

PYMNTS

Tokyo is well-known for its strong economy and significant presence in the financial world. Its ranking as the world’s second largest economy has made it a hotspot for many global banking and financial firms looking to set up regional headquarters.

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