MANAMA: Bahrain has become the first in the GCC to create a safe space where new business models and products that blend finance and technology can be tried and tested without falling foul of regulations.
Called a regulatory sandbox, it is a framework and process that facilitates the development of the financial technology (FinTech) industry in a calculated way, Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj told a Press conference at the CBB headquarters yesterday .