Kathmandu, June 24 -- The Nepal Rastra Bank (NRB) has drafted Regulatory Sandbox Guidelines aimed at creating a conducive environment for the development and deployment of innovative technology-enabled products, services and solutions in the financial sector.

The proposed Regulatory Sandbox is designed primarily for fintech innovators and other financial service providers that have already developed a product, service or solution and are ready to conduct live market testing under a controlled, supervised and monitored environment.

A Regulatory Sandbox is a structured testing platform that allows participants to experiment with new products and services before commercial rollout. The framework is intended to promote evidence-based assess...