the Bank of Tanzania has announced the opening of its FinTech Regulatory Sandbox application window for the first quarter of 2025. Applications will be accepted from January 2 to January 22, 2025. This initiative aims to provide a controlled environment for testing innovative financial products and services that are not yet fully covered by existing regulatory frameworks.
Eligible applicants include financial service providers and FinTech companies. Interested parties are required to submit their applications via the Bank's FinTech Regulatory Sandbox Application Portal. The evaluation of applications will be based on the requirements outlined in the FinTech Regulatory Sandbox Regulations, with applicants notified within 30 working days after the closure of the application window. $sand $SAND
