1 JAVKHLAN BOLD: MONGOLIA'S MACROECONOMIC CONDITION IS STABLE WWW.MONTSAME.MN  PUBLISHED:2025/03/13      2 UCHRAL NYAM-OSOR: NO INCREASE IN ANY TYPE OF SERVICE FEES OR CHARGES WWW.MONTSAME.MN PUBLISHED:2025/03/13      3 MONGOLIA BECOMES THE THIRD LARGEST IMPORTER OF JAPANESE USED CARS WWW.GOGO.MN PUBLISHED:2025/03/13      4 CIVIL AVIATION AUTHORITY OF MONGOLIA AND TRANSCON SIGN MEMORANDUM OF UNDERSTANDING WWW.MONTSAME.MN PUBLISHED:2025/03/13      5 SECRETARY GENERAL OF MONGOLIAN BASKETBALL ASSOCIATION APPOINTED AS A MEMBER OF THE EASL ADVISORY BOARD WWW.MONTSAME.MN PUBLISHED:2025/03/13      6 PRESIDENT OF MONGOLIA PAYS RESPECT TO CZECH GEOLOGISTS WHO DISCOVERED THE ERDENET COPPER-MOLYBDENUM DEPOSIT WWW.MONTSAME.MN PUBLISHED:2025/03/13      7 MONGOLIA'S EXPORTS DECREASE BY 10.5 PERCENT IN FIRST 2 MONTHS OF 2025 WWW.XINHUANET.COM PUBLISHED:2025/03/13      8 S. KOREA, MONGOLIA AGREE TO STRENGTHEN COOPERATION IN RARE METAL SUPPLY CHAIN WWW.KOREAHERALD.COM PUBLISHED:2025/03/12      9 MONGOLIA ADVANCES 11 POSITIONS IN THE ARTIFICIAL INTELLIGENCE PREPAREDNESS INDEX WWW.MONTSAME.MN PUBLISHED:2025/03/12      10 MONGOLIA'S CHILDREN CHOKE IN TOXIC POLLUTION WWW.AFP.COM PUBLISHED:2025/03/12      ЗОЧИД БУУДЛЫН САЛБАРЫН ҮЙЛДВЭРЛЭГЧИЙН ҮНЭ ӨМНӨХ ОНЫ МӨН ҮЕЭС 12 ХУВИАР ӨСӨВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/03/13     "ЯПОНЧУУД ХУУЧИН МАШИНАА МОНГОЛД ХАЯДАГ. ЯПОН МАШИНЫ ИМПОРТООР БИД ДЭЛХИЙД ГУРАВТ ОРЛОО" WWW.GOGO.MN НИЙТЭЛСЭН:2025/03/13     МЭДЭЭЛЛИЙН ТЕХНОЛОГИЙН САЛБАРТ 30 МЯНГА ОРЧИМ МЭРГЭЖИЛТЭН ДУТАГДАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/03/13     Н.УЧРАЛ: 21 АЙМАГ, НИЙСЛЭЛД ЯМАР НЭГ ТӨЛБӨР, ХУРААМЖ, ТАТВАР НЭМЭХИЙГ ХОРИГЛОЛОО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/03/13     ОРОН СУУЦНЫ ҮНЭ НЭГ ЖИЛИЙН ХУГАЦААНД 12.7 ХУВИАР ӨСЛӨӨ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/03/13     “ASIAN BATTERY METALS” КОМПАНИ "ЯМБАТ" ОРДЫНХОО III ШАТНЫ ХАЙГУУЛЫН ӨРӨМДЛӨГИЙН ХӨТӨЛБӨРӨӨ ЭХЭЛЛЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/03/13     ИНФЛЯЦ I УЛИРАЛД 10.1 ХУВЬ, ОНЫ ЭЦЭСТ 9.7 ОРЧИМ ХУВЬТАЙ БАЙНА ГЭЖ ШИНЖЭЭЧИД ТӨСӨӨЛӨВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/03/13     Б.ЛХАГВАСҮРЭН: ВАЛЮТЫН ОРЛОГО БАГАХАН ХЭМЖЭЭГЭЭР БУУРЧ, НӨӨЦ 4.8 ТЭРБУМ ДОЛЛАРТ ХҮРСЭН WWW.EAGLE.MN НИЙТЭЛСЭН:2025/03/12     4-Р САРЫН 1-НЭЭС ХӨДӨЛМӨРИЙН ХӨЛСНИЙ ДООД ХЭМЖЭЭ 792 МЯНГАН ТӨГРӨГ БОЛНО WWW.GOGO.MN НИЙТЭЛСЭН:2025/03/12     “FITCH RATINGS” АГЕНТЛАГ “ГОЛОМТ” БАНКНЫ ЗЭЭЛЖИХ ЗЭРЭГЛЭЛИЙГ “B+” БОЛГОН НЭМЭГДҮҮЛЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/03/12    

Entering to Sandbox has No Time Limit www.montsame.mn

The revised draft of the Sandbox Regulatory Environment Regulation for Fintech technology-based financial services creates an opportunity to receive requests to enter the sandbox without any time limit.
According to the Financial Regulatory Commission (FRC), the new revision also allows for the immediate testing of new products and services within the sandbox environment. The commission discussed this revised draft at its regular meeting on February 08.
The stipulation of the current regulation is that the financial regulatory institutions have separate sandbox units, but now in the revised draft, it is specified that the FRC would manage the Sandbox unit. The head of the FRC, the Minister of Finance, and the Governor of the Bank of Mongolia will jointly approve the draft regulation.
During the FRC meeting, the participants discussed the implementation of the works within the framework of the Program on Anti-Money Laundering and Combating the Financing of Terrorism that the government approved the FRC to carry out alone or jointly with other organizations.
FRC approved the following activities at the meeting:
Preparations for the next round of mutual evaluation of the Asia/Pacific Group (APG).
To improve and ensure continuity of measures to be taken in combating money laundering and terrorist financing in FRC-regulated sectors.
To develop the FRC’s Measure Plan for Implementation of the Anti-Money Laundering and Combating the Financing of Terrorism Program (2023-2030) based on eight objectives.
A sandbox is a regulatory environment for testing the adoption of development in Fintech or technology-based financial services. Currently, more than 50 countries have implemented it. Each year, these types of companies are expanding rapidly due to technological development influence.
 
 
 


Published Date:2023-02-09