Arizona becomes First State in the US to offer Fintech Regulatory Sandbox
The Arizona Attorney General's Office has announced that Governor Doug Ducey recently signed House Bill 2434 into law making Arizona the first state in the nation to enact a groudbreaking regulatory fintech sandobox.
In Arizona’s sandbox, startups, entrepreneurs, and established companies can launch products on a limited, temporary scale to consumers to test innovative products, services, business models, and delivery mechanisms in the real market without incurring the regulatory costs and burdens that would otherwise be imposed. The Arizona Attorney General’s Office will administer the sandbox.
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