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<h1>IFSCA Launches Regulatory Sandbox for FinTech Innovation in GIFT City; Supports Banking, Insurance, and Securities Experimentation.</h1> The International Financial Services Centres Authority (IFSCA) has launched a Regulatory Sandbox framework to foster FinTech innovation at the IFSC in GIFT City, Gandhinagar, India. This initiative allows entities in banking, insurance, securities, and fund management to experiment with innovative solutions in a controlled environment with real customers for a limited period, ensuring investor protection and risk mitigation. Eligible participants include regulated and unregulated entities from India and FATF-compliant jurisdictions. IFSCA will evaluate applications and provide regulatory relaxations for testing. Additionally, an Innovation Sandbox will enable isolated testing using market data from Market Infrastructure Institutions.