Page 128 - Are You Future Ready?
P. 128
sandbox. After the British official launch, Hong Kong,
Singapore, Australia, Switzerland, Dubai, the United States,
and Canada also established their own versions.
The "sandbox" is a metaphor, drawing the example of
children playing with sand to imply that any creative idea
is harmless and welcome. The sandbox products are
required to be genuinely innovative, and have identifiable
consumer benefits (e.g. saving transaction fees). The
applicant is also required to have put in place appropriate
126 safeguards to manage risks and protect consumers.
