What you need to know about Florida’s fintech sandbox

At the end of last year, Florida’s Office of Financial Regulation announced it would launch a Financial Technology Sandbox, aimed at allowing fintech startups and innovators to test new products and services without fear of breaking laws that have not yet caught up with innovation. Outdated regulations can serve as barriers to entry for some startups, as they rely on trial and error to see what is illegal and what is not. Emerging companies do not always have the funds to keep lawyers on hand letting…