Sweetbridge: Sandbox in the Desert: AZ Opens its doors for Fintech
Comments on Forbes article: What better place to set up a sandbox than in the middle of a desert?That may or may not have been the guiding light behind a new Arizona law that establishes a regulatory sandbox for fintech projects in the Grand Canyon State.Signed by Gov. Doug Ducey last week, the sandbox will provide regulatory relief to qualifying companies that bring new products to market in the fintech, blockchain and cryptocurrency sectors.Read the full article written for Forbes here: https://www.forbes.com/sites/astanley/2018/03/23/arizona-becomes-first-u-s-state-to-launch-regulatory-sandbox-for-fintech/2/#6341cc5674f2Via Twitter: Gov. Doug Ducey signs law authorizing creation of fintech sandboxWhile many jurisdictions internationally have set up sandboxes to support these emerging industries within their borders, Arizona is the first to do so in the United States.A company will be able to offer its products to as many as 10,000 customers in the state for up to two years before it must apply for full licensure.It’s a secret no longer that Arizona is becoming a hub for blockchain and fintech projects, and this sandbox will only help advance that narrative.Arizona Becomes First U.S. State To Launch Regulatory Sandbox For FintechSandbox in the Desert: AZ Opens its doors for Fintech was originally published in Sweetbridge on Medium, where people are continuing the conversation by highlighting and responding to this story.
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