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This Utah bill developed the nation’s 3rd regulatory sandbox program for fintechs

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This Utah bill developed the nation’s 3rd regulatory sandbox program for fintechs

Utah’s Brand New Regulatory Sandbox | The Nationwide Law Review, June 11, 2019

“Utah Governor Gary Herbert finalized H.B. 378, Regulatory Sandbox, into legislation on March 25, 2019. This bill developed the nation’s 3rd regulatory sandbox system for fintechs, after Arizona, which enacted sandbox legislation in March 2018, and Wyoming, which enacted sandbox legislation in February of the year.” Wyoming may be the second state to generate a Fintech Sandbox, with Utah to adhere to. Wyoming Produces Fintech Sandbox | The Nationwide Law Review, June 6, 2019

“Earlier this current year, Wyoming became the state that is second develop a financial technology (fintech) sandbox by enacting the ‘Financial tech Sandbox Act’ (Sandbox Act). (Arizona ended up being the initial state to make a fintech sandbox and we’ll soon be posting a article about Utah’s new fintech sandbox.) The conditions needing Wyoming’s Banking Commissioner and Secretary of State to consider implementing laws became effective on February 19, 2019.Read More »This Utah bill developed the nation’s 3rd regulatory sandbox program for fintechs