1 PRESIDENT OF MONGOLIA TO PAY A STATE VISIT TO THE REPUBLIC OF POLAND WWW.MONTSAME.MN PUBLISHED:2025/03/07      2 ULAANBAATAR CITY TO IMPLEMENT 145 PROJECTS IN EDUCATION SECTOR WWW.MONTSAME.MN PUBLISHED:2025/03/07      3 PRESIDENT OF MONGOLIA TO PAY STATE VISIT TO CZECH REPUBLIC WWW.AKIPRESS.COM PUBLISHED:2025/03/07      4 MONGOLIA ISSUES E-VISAS TO 92,427 FOREIGNERS IN 2024 WWW.XINHUANET.COM PUBLISHED:2025/03/07      5 11 KILLED IN ROAD ACCIDENTS IN MONGOLIA IN FIVE DAYS WWW.XINHUANET.COM PUBLISHED:2025/03/07      6 GOVERNMENT TO URGENTLY SUBMIT DRAFT LAW TO BAN ONLINE GAMBLING WWW.MONTSAME.MN PUBLISHED:2025/03/07      7 REVENUE FROM NATURAL RESOURCE UTILIZATION FEES INCREASED WWW.MONTSAME.MN PUBLISHED:2025/03/07      8 NEW ROAD CONSTRUCTION AND UPGRADES IN ULAANBAATAR FOR 2025 WWW.MONTSAME.MN PUBLISHED:2025/03/05      9 CH.BOLORTUYA: PRIME MINISTER'S SPOUSE AND CHILDREN RESIDE IN MONGOLIA WWW.GOGO.MN PUBLISHED:2025/03/05      10 SIGNING AND EXCHANGE OF NOTES ON “THE ECONOMIC AND SOCIAL DEVELOPMENT PROGRAMME” TO MONGOLIA WWW.MOFA.GO.JP PUBLISHED:2025/03/05      МОНГОЛ УЛСЫН ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ БҮГД НАЙРАМДАХ ПОЛЬШ УЛСАД ТӨРИЙН АЙЛЧЛАЛ ХИЙНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/03/07     МОНГОЛ УЛСЫН ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ БҮГД НАЙРАМДАХ ЧЕХ УЛСАД ТӨРИЙН АЙЛЧЛАЛ ХИЙНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/03/07     2025 ОНД НИЙТ 8348 ИРГЭНД 926.38 ГА ГАЗРЫГ ӨМЧЛҮҮЛНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/03/07     MOODY'S АГЕНТЛАГ MMC-ИЙН ЗЭЭЛЖИХ ЗЭРЭГЛЭЛИЙН ТӨЛӨВИЙГ "ЭЕРЭГ" БОЛГОН САЙЖРУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/03/07     МОНГОЛБАНК II САРД 645.1 КГ ҮНЭТ МЕТАЛЛ ХУДАЛДАН АВСАН НЬ ӨМНӨХ ОНЫ МӨН ҮЕЭС 49 ХУВИАР БУУРЧЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/03/07     10,000 ГА ТАЛБАЙД ХАЙГУУЛЫН ЛИЦЕНЗ ОЛГОХООР ТӨЛӨВЛӨЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/03/07     PDAC-2025 АРГА ХЭМЖЭЭНИЙ ҮЕЭР "ЖИНЖИЙ МАЙНИНГ" ХХК КАНАДЫН КОМПАНИУДТАЙ ХАМТРАН АЖИЛЛАХ САНАМЖ БИЧИГ ЗУРЛАА WWW.NEWS.MN НИЙТЭЛСЭН:2025/03/07     ТОГТВОРТОЙ УУЛ УУРХАЙН ТӨЛӨӨ ХӨТӨЛБӨРТ НЭГДСЭНЭЭ АЛБАН ЁСООР МЭДЭГДЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2025/03/05     НИЙСЛЭЛИЙН БОЛОВСРОЛЫН САЛБАРТ 145 ТӨСӨЛ ХЭРЭГЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/03/05     ЯПОН УЛСААС МОНГОЛ УЛСАД 545 САЯ ИЕНИЙ БУЦАЛТГҮЙ ТУСЛАМЖ ҮЗҮҮЛЭХЭЭР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/03/05    

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