Published on August 3rd, 2018 | by bitcoin0
A good start u.s introduced the office of innovation and sadbox for the fintech
Paul Watkins, the architect of Arizona’s fintech regulatory sandbox that launches in August, was named to spearhead the federal effort.
“It’s a good first step,” Washington D.C.-based finance and regulatory attorney Laurel Loomis Rimon told Bitcoin Magazine.
Still, the creation of the Office of Innovation and its planned sandbox isn’t the first attempt by the agency to step into the fintech world.
In a previous iteration, agency officials promised to support fintech innovations through the use of no-action letters, among other things, for approved companies.
Fintech companies operating within the state’s regulatory sandbox can serve only Arizona residents.