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RBI tweaks norms related to Regulatory Sandbox scheme

By Economic Times - 8 months ago
Reserve Bank of India revised the guidelines for the Regulatory Sandbox (RS) scheme, requiring participating entities to adhere to digital personal data protection standards. The Regulatory Sandbox typically involves the live testing of novel products or services within a controlled regulatory environment, wherein regulators may grant specific relaxations for the sole purpose of testing, subject to certain conditions.

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