Long-Promised Sandbox Begins To Emerge In Spain

A new payments law in Spain has brought a much-anticipated regulatory sandbox closer to realisation, suggesting that the country may at last match its long history of talk on innovation with legislative action.

On December 25, 2019, a new royal decree supplementing the 2018 Payments Law, which implemented the revised the Payment Services Directive (PSD2), entered into force in Spain.

The law introduces a number of measures intended to bolster supervision of the payments sector in the country.

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