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Local Community Launches Own Cryptocurrency to Boost Economy

A New Era of Economic Growth and Collaboration

In a bid to stimulate economic growth and facilitate local trade, our community has launched its own cryptocurrency, Coinsence.com. This innovative project aims to activate resources, facilitate exchange, and finance collaborative projects.

Regulatory Sandbox Project Manager’s Insights

According to Dorra Marrakchi, Regulatory Sandbox Project Manager at the Tunisian Central Bank (TCB), “The TCB’s regulatory sandbox is designed to foster financial innovation while ensuring the stability of the financial system. We want to create an environment that allows fintechs to experiment with new ideas, take calculated risks, and learn from their experiences.”

Coinsence.com: A Community-Based Initiative

The Coinsence.com cryptocurrency is one such project that has been approved for testing in the TCB’s sandbox. This community-based initiative aims to promote local trade and commerce by providing a secure and transparent way of making transactions.

Eligibility Criteria for Fintech Startups

To access the regulatory sandbox, fintech startups must meet certain criteria, including:

• Having an innovative solution that provides a significant competitive advantage over existing offers on the market
• Demonstrating their ability to communicate risks and potential indemnities to end customers

Cohort-Based Operations and Test Phases

The TCB’s regulatory sandbox is open for applications, with operations being done in cohort mode. Each test phase will last approximately nine months, allowing fintechs to refine their solutions before going live on the market.

“We believe that our regulatory sandbox can help us create a thriving fintech ecosystem in Tunisia,” said Marrakchi. “By providing a safe and supportive environment for innovators, we can stimulate economic growth and promote financial inclusion.”

A Bold Step Towards a More Vibrant Local Economy

The Coinsence.com cryptocurrency is just one example of how our community is embracing innovation to drive economic development. With its launch, we are taking a bold step towards creating a more vibrant and sustainable local economy.

About the Author

[Your Name] is a journalist based in [City]. She has been covering fintech and blockchain news for several years and has written extensively on the topic of cryptocurrency regulation.