Blockchain-Powered Parallel FinTech Regulatory Sandbox Based on the ACP Approach

Abstract As a new FinTech innovation regulation tool, regulatory sandbox effectively balances financial innovation and risk, so it is adopted by many regulatory authorities around the world. However, until now, regulatory sandbox is still at the stage of manually submitting data, and artificial intelligence has not been applied to it. Hence, in this paper, we propose the framework of Parallel FinTech Regulatory Sandbox based on the ACP approach (Artificial systems + Computational experiments + Parallel execution). Then, we talk about how to combine the emerging blockchain technology with intelligent regulatory sandbox, thus solving problems such as poor data flow and regulation sluggish. This paper is aimed at providing helpful guidance and reference for the development of FinTech regulatory sandbox.