The report from the European Securities Markets Authority, the European Banking Authority and the European Insurance and Occupational Pensions Authority digs into fintech sandboxes and innovation hubs which create different operating environments for fintechs; Over 21 EU member states have innovation hubs but only a few have setup sandboxes (Denmark, Lithuania, Netherlands, Poland and the UK); Several other European countries are currently working on setting them up; the report discusses the fact that each country has their own set of rules and regulations instead of having something setup across the EU. Source
