Russia’s regulatory sandbox and the implementation of blockchain tech

The regulatory sandbox that came into effect in Russia last month is aimed at boosting innovative technology implementation. 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 […]
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