The Bank of England and the U.K.’s financial regulator, the Financial Conduct Authority, aim for the inaugural group of applicants to join the Digital Securities Sandbox in autumn 2024.
The Bank of England and the United Kingdom’s financial regulator, the Financial Conduct Authority, aim for the inaugural group of applicants to join the Digital Securities Sandbox in autumn 2024. The FCA Executive Director Sheldon Mills said in a statement: The initiative, slated for a five-year duration with entry constraints, may pave the way for establishing permanent regulations governing the trading and settlement of digital assets down the line.2023, offering the nation’s financial regulators guidelines for overseeing the sandbox. These regulations took effect on Jan. 8 as part of the U.K.’s Financial Services and Markets Act 2023.