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Bank Negara Malaysia issues consultation paper on fintech regulatory sandbox

( August 1, 2016, 03:53 GMT | Official Statement) -- Bank Negara Malaysia has issued a month-long consultation paper on regulatory sandbox environment for financial technology companies. The central bank said the sandbox would allow banks and fintech companies to experiment with innovative fintech solutions either in production or in a live environment, subject to minimum standards and regulatory requirements. The bank is inviting written comments on the proposal until August 30.The bank's statement follows:...

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