# kaal:claim:3808852-038

**Claim.** Regulatory sandboxes are an instance of regulatory decentralization: by lowering regulatory barriers and costs for testing disruptive technologies while protecting consumers, the regulator fosters innovation in increasingly decentralized products and services.

**Type.** design  **Support.** evidenced

**Holds when.**

- based on the UK FCA sandbox introduced April 2016 and later ASIC, MAS, and FSRA sandboxes

**Source quote.**

> With the sandbox, the regulator aims to foster innovation by lowering regulatory barriers and costs for testing disruptive innovative technologies, while ensuring that consumers will not be negatively affected.

**From.** Wulf A. Kaal, *Decentralization and Feedback Effects* (2021), V. Governmental Decentralization, page 23

**Cite as.** Wulf A. Kaal, Decentralization and Feedback Effects (2021). SSRN: https://ssrn.com/abstract=3808852

**Verify.** sha256 of source PDF `31e91158fdeefebc2f0be54ebf89751f7cdd4c89ecea932888f5ba9be6b1caba` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Decentralization%20and%20Feedback%20Effects.pdf

**Topics.** decentralization, innovation

**Keywords.** regulatory-sandbox, fintech, regulatory-decentralization, innovation-policy

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