{"id":168008,"date":"2023-10-04T13:48:11","date_gmt":"2023-10-04T08:18:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=168008"},"modified":"2023-10-04T13:48:11","modified_gmt":"2023-10-04T08:18:11","slug":"uk-to-launch-digital-securities-sandbox-in-q1-2024-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/uk-to-launch-digital-securities-sandbox-in-q1-2024-crypto-news\/","title":{"rendered":"UK to launch Digital Securities Sandbox in Q1 2024 – Crypto News"},"content":{"rendered":"
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The United Kingdom will apparently get its second crypto sandbox by Q1 2024. It will be explicitly focused on digital securities.<\/p>\n

During her speech<\/a> at the CCData\u2019s Digital Asset Summit on Oct. 3, the Head of Capital Markets at the Financial Conduct Authority (FCA), Helen Boyd, revealed that His Majesty\u2019s Treasury plans to launch a Digital Securities Sandbox at the end of Q1 2024. Though de-jure an independent financial regulator, the FCA falls under the purview of the HM Treasury. <\/p>\n

According to Boyd, the upcoming Digital Securities Sandbox will differ from the already functioning Digital Sandbox, launched by the FCA<\/a> in August 2023. The FCA\u2019s Digital Sandbox aims to support tech firms in the early stages of product development, while HM Treasury\u2019s Digital Securities Sandbox will have \u201ca new rule set that would allow it to do new things with digital securities.\u201d As the official announcement of the Digital Securities Sandbox specifies<\/a>, it will give the companies an opportunity:<\/p>\n

\u201cTo set up financial market infrastructures that utilize digital asset technology, which can perform a number of activities in relation to digital securities under a temporarily modified legislative and regulatory framework.\u201d<\/p><\/blockquote>\n

Boyd has also elaborated on the FCA\u2019s future as a principal regulator for crypto in the UK. She explained that the agency is still waiting for the HM Treasury\u2019s decision on the amount of power that should be granted to the FCA.\u00a0<\/p>\n

Related: <\/u><\/em><\/strong>UK\u2019s Travel Rule comes into effect, could halt certain crypto transfers<\/em><\/strong><\/a><\/p>\n

British regulators have been demonstrating stringency toward the digital assets industry recently, with HM Treasury\u00a0considering a blanket ban<\/a> on crypto investment cold calls and the FCA issuing\u00a0a final warning to local crypto businesses<\/a> that don\u2019t comply with its marketing rules.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The United Kingdom will apparently get its second crypto sandbox by Q1 2024. It will be explicitly focused on digital securities. During her speech at the CCData\u2019s Digital Asset Summit on Oct. 3, the Head of Capital Markets at the Financial Conduct Authority (FCA), Helen Boyd, revealed that His Majesty\u2019s Treasury plans to launch a […]<\/p>\n","protected":false},"author":2,"featured_media":168009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-168008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/168008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=168008"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/168008\/revisions"}],"predecessor-version":[{"id":168011,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/168008\/revisions\/168011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/168009"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=168008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=168008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=168008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}