This episode is also available as a blog post: https://10leaves.ae/publications/difc/difc-innovation-testing-license-dfsa-innovation-testing-license

The Innovation Testing License is a regulatory sandbox offered by the Dubai Financial Services Authority (or DFSA), which is the independent regulator of all financial services companies that seek authorisation or are currently authorised in the DIFC.

The objective of the DFSA ITL is to provide a controlled environment where startups can test innovative products and services. The ITL does not eliminate regulation, rather, it provides a gateway to innovative firms, especially startups, to test their products with live clients.