ANALYSIS OF REGULATORY SANDBOX IN THE NETHERLANDS THAT PROMOTE DEVELOPMENT OF INNOVATIVE FINTECH START-UPS

Аннотация

The Fintech as an important part of digital economy needs liberalistic approach which prevents it from overwhelming regulatory burden of conventional financial system. Indeed, that burden will create barriers for startups to provide their low-cost financial products. However, developed countries recommended Regulatory sandboxes to implement to avoid the above mentioned issue. In this regard, this article attempts to give a descriptive analysis of regulatory sandbox in the example of Netherlands and attempts to give recommendations on the basis of inferences obtained from the Netherland’s experience.