The United Kingdom’s Financial Conduct Authority (FCA) is about to launch its second crypto sandbox, which comprises set rules to govern digital securities. According to the FCA’s head of capital markets, Helen Boyd, the UK Treasury will release the Digital Securities Sandbox in Q1 of 2024.
This development comes about two months after the FCA permanently rolled out the UK’s first Digital Sandbox on August 1. The first sandbox comprised data sets and insights designed to foster innovation and growth and encourage international competitiveness for tech startups.
UK Treasuries Introduces Sandbox To Encourage Digital Securities Adoption
During the CCData Digital Asset Summit on October 3, Helen Boyd announced that the Royal Treasury will launch the new sandbox by the end of the first quarter of 2024. Although an independent financial watchdog, the FCA remains under the UK Treasury’s oversight.
Further, Boyd revealed that the forthcoming Digital Securities Sandbox (DSS) differs f
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