# India’s securities regulator SEBI seeks to boost blockchain and AI innovation through sandbox approach: Report By Shampa Mani Canonical URL: https://www.tokenpost.com/news/technology/1371 Published: 2019-03-01T05:30:31.000Z Updated: 2019-03-01T05:30:31.000Z Section: Technology > The Securities and Exchange Board of India (SEBI) is considering setting up a regulatory sandbox to facilitate regulated use of innovative technologies such as blockchain and artificial intelligence in the securities … The Securities and Exchange Board of India (SEBI) is considering setting up a regulatory sandbox to facilitate regulated use of innovative technologies such as blockchain and artificial intelligence in the securities market, [The Economic Times]() reported. Officials said that SEBI believes that the implementation of these emerging financial technologies in areas such settlement, robo-advisory, e-wallets, security systems for intermediaries and market infrastructure institutions, resolution of complaints, etc. could be better done through a 'sandbox' mechanism. A number of regulatory bodies around the world have set up or are in the process of setting up regulatory sandboxes to support fintech innovation. Countries such as [Singapore]() and [the UK](), have launched regulatory sandboxes to promote fintech and blockchain innovation. Other countries, such as [Malta]() and [Gibraltar](), have implemented blockchain-friendly laws. South Korea’s Financial Services Commission (FSC) is [planning to launch]() a financial regulatory sandbox in April 2019. In the U.S., the Department of Treasury last year [proposed setting up]() regulatory sandboxes to promote innovation. Last August, the UK Financial Conduct Authority (FCA), together with 11 global financial regulators and related organisations, has announced the formation of [a global fintech sandbox](). Called the Global Financial Innovation Network (GFIN), the initiative aims to provide a platform for innovative firms to better interact with regulators and trial cross-border solutions. ## Links in this article - [The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/sebi-mulls-regulatory-sandbox-for-ai-blockchain/articleshow/68211354.cms) - [Singapore](http://www.mas.gov.sg/News-and-Publications/Media-Releases/2016/MAS-Issues-Regulatory-Sandbox-Guidelines-for-FinTech-Experiments.aspx) - [the UK](https://www.econotimes.com/9-blockchain-firms-make-it-to-first-cohort-of-FCAs-regulatory-sandbox-388911) - [Malta](https://www.econotimes.com/Malta-approves-laws-to-set-up-blockchain-regulatory-framework-1398970) - [Gibraltar](https://www.econotimes.com/GFSCs-DLT-Regulatory-Framework-goes-into-effect-in-Gibraltar-1078937) - [planning to launch](https://tokenpost.com/South-Koreas-Financial-Services-Commission-to-launch-fintech-sandbox-in-April-1101) - [proposed setting up](https://tokenpost.com/US-Treasury-department-proposes-regulatory-sandbox-to-foster-fintech-innovation-65) - [a global fintech sandbox](https://www.tokenpost.com/Global-financial-regulators-team-up-to-launch-global-fintech-sandbox-97)