U.S. Utah regulatory sandbox allows Fintech to test products without licensing, including blockchain and cryptocurrency companies

Utah, USA, recently announced the introduction of a regulatory sandbox that allows financial technology companies to test their new or new services without a license. The Commerce Department expects that the regulatory sandbox will provide a platform for fintech start-ups and entrepreneurs to easily launch their businesses. Among them, financial technology companies may include companies involved in innovative financial products and services, such as money lending companies, blockchain-based companies and cryptocurrency companies.