• 12 Neglinnaya Street, Moscow, 107016 Russia
  • 8 800 300-30-00
  • www.cbr.ru
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Regulatory Sandbox

The Bank of Russia’s regulatory sandbox is a mechanism for piloting and modelling processes of new financial services and technologies, which require changes in legal regulation, in an isolated environment.

About the project

In the context of the implementation of the Guidelines for Financial Technology Development for 2018-2020, the Bank of Russia launched the regulatory sandbox in April 2018; it means that innovative financial technologies and services can be piloted in the financial market. High-priority pilot projects include big data and machine learning technologies, mobile technologies, artificial intelligence, biometric technologies, distributed ledger technologies, open interface solutions, digital profile technologies, etc.

Objectives

  • Piloting innovative financial services without risks of violating Russian laws
  • Analysing risks associated with innovative financial services and developing approaches for their mitigation
  • Determining the expediency of the implementation of innovative financial services and creating the relevant regulatory environment
Department responsible for publication: Financial Technology Department
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Last updated on: 19/03/2020