MAS shoots to approve startups' entry into express sandbox in 21 days
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Singapore
TWENTY-ONE days - that's how quickly the Monetary Authority of Singapore (MAS) aims to process and approve applications by startups to join its proposed Sandbox Express, MAS board member Ong Ye Kung announced on Wednesday.
The process for fintech startups seeking entry into this ringfenced playground, where they can test new ideas in, for example, minimum paid-up capital, track record or fund solvency in a relaxed-rules environment can, at the moment, take months.
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