Question

What is the primary purpose of a 'sandbox environment' in the context of FinTech regulatory frameworks, such as RBI's regulatory sandbox?

A A permanent production environment where all live customer transactions are ultimately processed
B A backup data center used exclusively for disaster recovery during major system outages
C A controlled testing environment allowing FinTech firms to trial innovative products under regulatory supervision
D A public marketing platform used to advertise new banking products to potential customers
E A cryptocurrency exchange platform officially operated and regulated directly by the RBI
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