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Regulatory Sandbox

 A regulatory sandbox is a framework set up by a regulator (usually in sectors like finance, health, or technology) that allows innovators to test new products, services, or business models in a controlled and supervised environment, with relaxed regulatory requirements for a limited time and scope.


🔍 Key Features of a Regulatory Sandbox:

Feature Description

Testing environment Allows firms to test innovations in real-market conditions but with certain safeguards.

Regulatory flexibility Some rules may be temporarily relaxed to promote innovation.

Time-bound and monitored Operates for a limited period with regular reporting to the regulator.

Supervision Close monitoring ensures consumer protection and systemic stability.

Exit criteria Clear conditions are set for moving out of the sandbox (either to full market or shutdown).


🧪 Why Regulatory Sandboxes Matter:

Encourage innovation in highly regulated sectors (e.g., fintech, health tech).

Help regulators understand emerging technologies like blockchain, AI, or digital health platforms.

Balance innovation and consumer protection.

Reduce time to market for startups and innovators.


🏦 Example: In Fintech

A startup developing a blockchain-based remittance service may enter a sandbox to test cross-border transfers without needing full licensing initially.

🌍 Examples of Countries Using Regulatory Sandboxes:

UK – FCA Regulatory Sandbox (2016, fintech focus)

India – RBI, SEBI, IRDAI all have their sandboxes

Singapore – MAS Sandbox for fintech innovation

Nepal – Still emerging; discussions ongoing in sectors like digital finance and 


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link https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DlskZXGMvZ9E%26fbclid%3DIwAR0uZSKtXfHVpaJeIK7a_uHKKBFohm9GIhijOr54xiASnjLQ7SZfaBpo2_Y&h=AT2s7ScVrrdVPGpS32kOOC5nOEiT-t1K3E6VuxvV6aXYZe4LtJESoqf22LLvvjfnhLauyelhWhDMmHYc76VHx2NLpgSVOq_nEjn49nEfUiCTPMOJQWBofgB6gOa8NjEPPFja1ddjKd3oRAk-3kf2CqUkzpgXu_0InAujgpG7zFjiTvLtXdqHMzAN8NqcuUZZ8uTrI3f4zs_qvk6Y56aDJc5v-mdBDtX2wH8D-XPnA7_GZUR_x0jehdduh_SpR1bGBbInO-c0EDzmRZJO-Q8sDim-iSwLD2_STBuCvh2fKy_HtVO8g8aB3-8G7FhycsHAFaQD3zmDGRwLvzj4Ko3ElfXhuTRxQ70XoRMGCfDhz4cDTqUpNGOY4TD6TbH3CM5gsjXjL3xK9EUclRrfY2ugZP1cXqh_zRbCZv-gEF98aGUiPUIRvvtCDqzR1t11zte5XSF9R6HDwO75P-Y1SqxsEVnZpny0m27b1HPH8x4IS2RjubgkmHWEJLwtraPRW53OMjC6D97YAEYDk-OM_lPMwLSFCWs4jqA_Rt5blZTy9NMgPUUSmzz81Ys7vsMIeJgl66CxEqcLACk-jog4wrZmSrGIUe5Sqgty2A0H3TknSmveZ8jkKo6ss9S88LrYg1_2ql5JXVtMiwz_56spPJlOA5zpSt8_Lzs3s_yLG1U9cFS5uP0G
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Ashok Pandey

  Ashok Pandey , MPH, is an Associate Research Fellow at the Policy Research Institute (PRI) —Nepal’s premier government think tank under the Office of the Prime Minister and Council of Ministers. Specializing in Medical and Health Sciences / Epidemiology and Public Health , his expertise spans health governance, policy research, non-communicable diseases, and health systems research . According to the AD Scientific Index (ID: 6347499) , Dr. Pandey ranks 349,313 globally and 63rd in Nepal , and holds the #1 position within PRI in his discipline. He has an H-index of 25 (total) and 24 in the last five years , reflecting a high proportion of recent impactful work (last 5 years/total ratio: 0.96 ). With nearly 200 publications , over 12,500 citations , and 127,000 reads , Dr. Pandey’s research contributions demonstrate both academic rigor and applied policy relevance. He previously served as Senior Research Officer at the Nepal Health Research Council and is Executive Directo...
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