On 27th February 2017, BDCB formally issued the FinTech Regulatory Sandbox Guidelines, which aims to aid in the development of FinTech companies in Brunei Darussalam through the creation of regulatory sandboxes. A regulatory sandbox allows the testing of FinTech products and services through a framework that enables qualified companies or businesses to experiment with innovative solutions in a relaxed regulatory environment, for a limited period of time and boundaries. On 9th December 2020, BDCB issued the amended FinTech Regulatory Sandbox Guidelines, where the application process has been streamlined to reduce the application assessment time.
Name of CompanyService or SolutionStart of Sandbox PeriodEnd of Sandbox PeriodContact DetailsMMB Transfer Sdn BhdMMB is testing digital remittance and cross-border payments services utilising blockchain technology.20 May 201920 May 2024Naysan Munusamy(Country Director for Brunei)Email: email@example.comJana Kapital Jana Kapital is testing Syariah-based Peer-to-Peer (P2P) Crowdfunding platform for MSMEs.5 August 20204 February 2024Haji Aidil Bahrin bin DSLJ Hj Mohd Salleh (Managing Director)Email: firstname.lastname@example.org
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