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District of Columbia to build a sandbox

Chris Hamblin

16 December 2020

DC's Department of Insurance, Securities and Banking wants to hear from innovators and expert financiers. It wants them to help it ensure that the District’s legislation will be capable of accommodating entrepreneurs interested in Fintech, Insurtech and Regtech by having a say in its provisions and framing.

The State of Arizona was the first US jurisdiction to create a so-called regulatory sandbox. The regulator is using the authorising legislation from Arizona to use as the starting point for comments.