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RMA's Cryptocurrency Mining Regulatory Sandbox Framework

Posted on: 2020-10-28 21:50:03

Firstly, the sandbox shall serve as a formal regulatory framework to test cryptocurrency mining in a live environment in the country, subject to certain safeguards and oversight, and for a limited time under the supervision of the relevant regulators in a controlled environment; Secondly, the regulatory sandbox will assist RMA to study and obtain relevant inputs to implement necessary regulatory reforms, while preserving the consumer protection and safeguarding against risks in the financial sector and the economy posed by emerging technologies and products, such as cryptocurrency; and Thirdly, to assess the viability of cryptocurrency mining as a new investment avenue for Bhutan, given the country’s low-cost electricity and suitable climatic conditions. Read more by clicking below:

RMA's Cryptocurrency Mining Regulatory Sandbox Framework