Arizona First State To Be Called 'Regulatory Sandbox'
When you’re a kid, playing in the sandbox can be fun. But when it comes to the realm of innovation, it can be a necessity — even with inherent risks.
By signing House Bill 2434 into law, Gov. Doug Ducey has made Arizona the first state to be in what’s called a "regulatory sandbox." This particular sandbox is focused on "fintech," in which tech companies and firms enter into traditional finance industries to compete with their services.
To learn more about what that could mean for Arizona and the broader industries, The Show talked to Brian Knight, director of the Program on Financial Regulation at the Mercatus Center at George Mason University.