Central Bank of Iran Unveils Regulatory Sandbox

The Central Bank of Iran Wednesday launched its regulatory sandbox to address regulatory challenges faced by the bank and financial startups. 
Speaking at the unveiling ceremony at the CBI head office in Tehran, Ali Salehabadi, the governor, expressed optimism about the positive effect of the measure on finding innovative solutions in the key finance and banking sectors.
"As the financial market regulator, the CBI is obliged to pave the way for innovation. The regulatory sandbox will assist   both the central bank and fintechs in improving the quality of services and allow us to ensure that functions are compatible with regulations," IBENA quoted him as saying.