The UK's Financial Conduct Authority (FCA) and the Bank of England have jointly published draft guidance for a new 'Digital Sandbox'. This initiative, reported by @camomileshumba, is designed to allow participants to test distributed ledger technology (DLT) in a controlled environment. The announcement marks a significant step in the regulatory approach to digital securities and technology, aiming to foster innovation while ensuring security and compliance. The first batch of applications for the sandbox is expected to be admitted in the autumn of 2024, indicating a clear timeline for the project's rollout.
🚨 BREAKING: Digital securities sandbox for DLT testing is launched by the Bank of England and the FCA. First batch of applications for the Digital Securities Sandbox is expected to join in the autumn of 2024, according to the Financial Conduct Authority & the Bank of England. https://t.co/AS7gk476TW
BofE and FCA issue draft guidance on Digital Securities Sandbox https://t.co/1D73hx3ZGl
U.K. regulators @TheFCA and @bankofengland publish draft guidance on a digital securities sandbox that will enable participants to test distributed ledger technology. https://t.co/FfOo6ZscCd
📣 Latest News: UK Regulators Propose 'Digital Sandbox' Conditions #news #cryptonews #crypto #regulations
U.K. regulators @TheFCA and @bankofengland published draft guidance on their digital securities sandbox that will enable participants to test distributed ledger technology. @camomileshumba reports https://t.co/mTrFSQY4a1