Bank of England and FCA launch public consultation on digital sandbox for trading digital securities.
The Bank of England and Financial Conduct Authority have launched a public consultation on a new "digital sandbox" for trading digital securities in real-world situations. The sandbox, designed to keep up with technology advances, will allow testing of new services with real customers and modified financial rules to enable firms to trial distributed ledger technology (DLT) and blockchain for trading and settling digitised bonds and stocks. The regulators are consulting on draft guidance for firms looking to operate within the sandbox and scale up activities.
April 03, 2024
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