Building a ‘regulatory sandbox’ would help Ohio join the fintech revolution
In The Columbus Dispatch, The Buckeye Institute looks at a “smarter way for Ohio to regulate the rapidly emerging financial technology sector or ‘fintech’,” writing, “Recently introduced legislation…proposes building a ‘regulatory sandbox’ in which fintech companies may test new products or services and experiment in the marketplace under the supervision of expert regulators, but without the added expense of Ohio’s full regulatory regime…Building a smart regulatory sandbox would help consumers and businesses access the banking and capital they need, and help Ohio join the fintech revolution.”
