The Regulatory Sandbox is a framework established by the supervisor that allows representatives of sectors under the supervisory authority of the National Bank to test innovative services and products in a real-time environment under the controlled oversight of the supervisor.

Its purpose is to ensure that innovative services and products developed in the context of rapidly evolving technologies comply with the supervisory requirements of the National Bank, to identify the need for new regulatory requirements, to test innovative products in the market, and to facilitate their development. At the same time, these services and products must not pose systemic risks.

Detailed information about the Regulatory Laboratory is provided in the “Creation and Use of a Regulatory Sandbox Framework by the National Bank of Georgia,” approved by Order No. 125/04 of the President of the National Bank of Georgia, dated May 23, 2025. Interested parties can also refer to the Regulatory Sandbox Guide or contact the Innovations Office for further information on participation in the Regulatory Sandbox.

Currently, the Regulatory Sandbox is in its final third stage of “real-world testing,” where the following projects are being tested under the observation of the National Bank of Georgia with a limited number of users:

 

• Test in Real Environment

• Completed Projects