Innovative products identified for testing in Regulatory Sandbox

07-11-2024

7 November 2024, Baku: The evaluation process of 21 applications received for the testing of innovative products in the Regulatory Sandbox has been completed. Four innovative products have been selected for a limited scale testing in the Regulatory Sandbox.

These products include:

• "Transfers to crypto exchange wallet" product presented by PASHAPAY LLC
• "Cryptobroker" product presented by UNICAPITAL INVESTMENT COMPANY OJSC
• "Crypto platform" product presented by SVORT LLC
• "PortCoin cryptocurrency" product presented by MOBILE PAYMENT SOLUTIONS LLC

It is planned that these products will be subject to a limited scale testing under the supervision of the Central Bank within the next 6 months.