UK Regulators to Launch Digital Securities Sandbox for Tokenized Securities Testing
The U.K. has implemented a new regulation that enables its financial regulators to operate a sandbox for tokenized securities. This sandbox will allow companies to test new products and solutions under regulatory supervision. The Digital Securities Sandbox (DSS) will be run by the Financial Conduct Authority (FCA) and the Bank of England, and will also enable businesses to test distributed ledger technology for digitizing traditional securities. The DSS will subject companies to modified rules in case current ones act as barriers, and regulators will be able to test out new technologies and make rule changes accordingly.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Australian Court Overturns License Ruling Against Block Earner, Sides with Fintech in Landmark Crypto Case
In a significant legal win for Australia’s crypto and fintech industry, the Federal Court has overturned a previous ruling that required digital finance firm Block Earner to obtain a financial services license for its discontinued fixed-yield crypto product.
Symbiotic Raises $29 Million to Build Universal Staking Coordination Layer
Symbiotic, a decentralised finance (DeFi) protocol, has secured $29 million in a funding round led by Paradigm and cyber.Fund.
Bitcoin Surpasses Amazon, Approaches Google’s Market Cap
Michael Saylor Backs New SEC Chair for Bitcoin Growth
Trending news
MoreCrypto prices
More
