Russia’s regulatory sandbox and the implementation of blockchain tech
Cointelegraph
Published Feb 06, 2021 02:23AM ET
Updated Feb 07, 2021 04:20AM ET
The main challenge companies face when testing and implementing innovative technologies is the need to amend existing legislation. Developing and testing new products based on distributed ledger technology requires special conditions that are often inconsistent with existing regulations.
The solution to this problem would be the introduction of a special “regulatory sandbox” regime. It means the creation of an ecosystem within which companies and state-owned enterprises can test their developments without legislative obstacles.
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Written By: Cointelegraph
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