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Search results for regulatory sandbox

Crypto

Uzbekistan starts bond-backed stablecoin payments pilot

Uzbekistan has launched a pilot programme to use HUMO, a stablecoin pegged to the Uzbek som, for payments for goods and services. The bond-backed stablecoin is being tested in a regulatory sandbox to gauge the potential to expand digital payment infrastructure. The trial will cover issuance, circulation and redemption, as well as payments at merchants. Authorities will review collateral sufficiency, transparency, cybersecurity, consumer protection and anti-money laundering controls.

Telecommunications & Media

Korea shifts science and AI policy from strategy to results, focusing on pilots and commercialisation

South Korea\'s science and AI policy is moving from strategy-setting to producing results, with more emphasis on pilot projects and commercialisation, the Ministry of Science and ICT and other agencies said. Since the first ministerial meeting on science and technology on Nov. 24 last year, the government has held 12 meetings through Aug. 24. Early discussions centred on AI strategy and infrastructure such as GPUs, later shifting to R&D commercialisation, data policy, physical AI, agentic AI and autonomous-driving AI roadmaps.

AI & Enterprise

MSIT launches generative AI service to check ICT regulations

South Korea\'s Ministry of Science and ICT will provide a generative AI-based regulatory search service so companies can quickly check whether rules and permits apply to new technologies and services. The ministry and the National IT Industry Promotion Agency said they will offer the \"ICT Regulatory Sandbox Rapid Regulation Check Service\" to 300 companies, including ICT regulatory sandbox applicants. Vouchers for up to 100 questions per month will be provided on a first-come, first-served basis through year-end.