The Spanish Federation of Fintech and Insurtech (AEFI) will conduct next Wednesday, June 3rd (at 12 noon Madrid time) a telematic meeting to analyze the latest news on the sandbox approval process in the parliamentary process.
As explained by AEFI, this meeting will look at the current scenario in which putting the sandbox into operation immediately is crucial to bring Spain “at the forefront of financial innovation”. They also stressed from AEFI that the fintech ecosystem should improve access to finance to drive the economic recovery in the post-Covid 19 scenario.
Rodrigo Garcia de la Cruz, President of AEFI, and Jaime Bofill, partner of the law firm Hogan Lovells International, one of the association’s main partners, will attend the meeting.
It is estimated that there are already 27 countries in the global fintech ecosystem that have decided to introduce regulatory sandboxes. This was reported by Colombia Fintech in an article by Laura Bartolomé that was published on March 3.
The publication reminded of it A draft law to create a regulatory sandpit has already been approved in Spain. With this test bank, technology-based financial companies can test their products or services within a regulatory framework and under a supervisory authority.
You may be interested in:
Mexico: The Sandbox Challenge has already registered more than 100 participants
AEFI poses a number of challenges that sandbox fintech in Spain has to face
In Spain, a law to create a sandpit for fintech companies is approved
The Spanish association of FinTech and InsurTech submitted a WealthTech white paper
Price analysis from October 3: Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA (2018)
Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, Dash: Price analysis, November 23 (2018)
Given further restrictions on buying dollars, SatoshiTango offers alternatives in Argentina