Question

What is Regulatory Sandbox?

Select one:

a. Critical regulatory space to allow your business to grow and test products and services not normally allowed under current regulatory coverage

b. Critical regulatory space to allow your business to wind-down and test final products and services not normally allowed under current regulatory coverage

c. Critical regulatory space to meet venture capital firms

d. Critical regulatory space to meet other FinTech projects and proposal and discuss merits of these projects in terms of regulation exposures

Answer 1

Sandbox is used when you want to test an application in controlled and isolated environment to see how they behave and react in real life. This way you are able to correct and modify your application accordingly without having an impact on real life conditions on your aplication.

Sandbox regulatory does the work for you if you do not knows the applicable regulations of your business or application. so it runs and test the product or application on a vitual platform to see if it needs any modification to be within the regulations of the land.

the closest answer as in the given option is Option B.

so the answer is B.