HÀ NỘI — A decree on regulatory sandbox for Fintech has been scheduled to come into force in Q3/2023, getting online lenders out of the regulatory limbo that they have been trapped in for years. The absence of a legal framework for P2P lending has always been big trouble for Fintech companies. Scores of Fintech companies have had to cut their workforce by half on cause of slumps in sales and struggled to navigate the law's grey area. "We cannot neither regulate Fintech companies as we did to banks or leave them unregulated. That's why we need a regulatory sandbox to test regulations," said Đức.
