Central Bank of Solomon Islands (CBSI) began to utilize regulatory sandboxes as a way to encourage financial innovations that foster financial inclusion. It was one of seven regional central banks that are participating in the AFI Pacific Islands Regional Initiative (PIRI) landmark Pacific Regional Regulatory Sandbox Guidelines 2020. The guidelines outline the rationale and objectives of the sandbox as well as guidance for potential applicants on the requirements, information, stages, and procedures.
CBSI launched its own domestic FinTech Regulatory Sandbox in April 2022, which was based on these Guidelines.