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<h1>Regulatory sandbox allows fintech firms limited live testing under tailored regulatory relaxations with investor safeguards.</h1> IFSCA has established a Regulatory Sandbox to permit eligible entities to conduct limited purpose live testing of FinTech solutions within the IFSC at GIFT City; applicants from regulated or unregulated entities, individuals and startups from India and FATF compliant jurisdictions may apply, and IFSCA will assess proposals and grant targeted regulatory relaxations subject to investor protection and risk mitigation safeguards, with operational details and eligibility set out in a circular.