Posted 12/18/2023, 5:51:00 PM
U.K. Launches Digital Securities Sandbox to Test New Crypto Regulations
- U.K. introduces new regulation for a Digital Securities Sandbox to test tokenized securities
- Allows financial watchdogs to operate sandbox where companies can test new crypto solutions under supervision
- Aims to figure out best way to regulate tokenization of real assets
- Gives regulators power to test things out and change rules to accommodate new technologies
- Part of broader efforts under recent Act to establish crypto regulation in the U.K.