Central Bank of Oman launches Fintech Regulatory Sandbox
Published 09 Dec,2020 via Muscat Daily - The Central Bank of Oman (CBO) will launch the Fintech Regulatory Sandbox (FRS) initiative today, through which participants can apply to live test their innovative Fintech solutions, that are enabled by new technologies, in a safe environment under the supervision of the CBO.
The CBO therefore issued the framework for the Fintech Regulatory Sandbox initiative on its website which includes the eligibility criteria for application, processes and expectations, as well as the evaluation process of the Sandbox live testing period.
The first phase of the FRS will be open for receiving Fintech applications related to payments solutions, according to a press release.
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