Bank AI

Read

<div class="cryptonews">
 <p class="is-style-lead">The U.K. introduced <a rel="noopener noreferrer nofollow" title="regulation" href="https://thebittimes.com/tag/regulation.html">regulation</a> that enables the Financial Conduct Authority and the Bank of England to oversee a <a rel="noopener noreferrer nofollow" title="digital" href="https://thebittimes.com/tag/digital.html">digital</a> <a rel="noopener noreferrer nofollow" title="securities" href="https://thebittimes.com/tag/securities.html">securities</a> <a rel="noopener noreferrer nofollow" title="sandbox" href="https://thebittimes.com/tag/sandbox.html">sandbox</a> for testing tokenized <a rel="noopener noreferrer nofollow" title="securities" href="https://thebittimes.com/tag/securities.html">securities</a> and distributed ledger technology.</p>
 <p>Effective Jan. 8, this initiative allows the Financial Conduct Authority (FCA) and the Bank of England to oversee a controlled testing environment for tokenized securities. The sandbox concept permits companies to experiment with innovative financial solutions under regulatory supervision.</p>
 <p>The digital securities sandbox (DSS) focus extends beyond tokenized securities, encompassing the exploration of distributed ledger technology to digitize traditional securities.</p>
 <p>With global financial institutions increasingly embracing asset tokenization, U.K. regulators are taking proactive measures to comprehend and regulate this evolving landscape. Firms participating in the DSS will be subject to tailored <a rel="noopener noreferrer nofollow" title="regulations" href="https://thebittimes.com/tag/regulations.html">regulations</a> if existing ones impede progress, as outlined in the accompanying legal documentation.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> UK treasury secretary unveils new law to strengthen digital asset industry
 </div>
 <p>This move aligns with the U.K.’s swift utilization of powers granted by the recently enacted Financial Services and Markets Act 2023, establishing a robust regulatory framework for the burgeoning crypto sector.</p>
 <p>By providing a controlled testing ground, the DSS facilitates innovation and aims to empower regulators to adopt rules in response to emerging technologies, reflecting the nation’s forward-looking approach to financial regulation.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> UK FCA to introduce permanent digital sandbox for technology startups
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/uk-publishes-fca-regulations-for-digital-securities-sandbox-tbt74095.html">https://thebittimes.com/uk-publishes-fca-regulations-for-digital-securities-sandbox-tbt74095.html</a></p>

UK publishes FCA regulations for digital securities sandbox

TheBitTimes

2023년 12월 18일에 게재된 다른 기사

Bitcoin-related public companies outperformed BTC in 2023

Crypto License in Dubai: A Step-by-Step Guide to Receiving a VASP License in 2024

Investment Giant Goldman Sachs Released its 2023 Cryptocurrency Report! Here are the Remarkable D...

Easy ways to make money online with cloud mining ($200+ per day)

Upland partners with AI studio Kaedim to accelerate metaverse asset production

Analysts name cross-chain Darkhorse Synapse (SYN) and Pullix (PLX) as Binance Coin (BNB) competitors

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!