The United Kingdom is set to launch its second crypto sandbox in the first quarter of 2024. The Financial Conduct Authority (FCA) Head of Capital Markets, Helen Boyd, revealed the news during her speech at the CCData’s Digital Asset Summit. The Digital Securities Sandbox, which will be under the purview of the HM Treasury, will differ from the FCA’s Digital Sandbox, which was launched in August 2023. The Digital Securities Sandbox will provide companies with the opportunity to set up financial market infrastructures that utilize digital asset technology. The FCA is still waiting for the HM Treasury’s decision on the amount of power that should be granted to the FCA. British regulators have been demonstrating stringency toward the digital assets industry recently, with HM Treasury considering a blanket ban on crypto investment cold calls and the FCA issuing a final warning to local crypto businesses that don’t comply with its marketing rules.

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Information	Details
Geography	Europe
Countries	🇬🇧
Sentiment	neutral
Relevance Score	8
People	Helen Boyd, HM Treasury, His Majesty
Companies	Financial Conduct Authority (FCA), HM Treasury, CCData’s Digital Asset Summit, Digital Securities Sandbox, Digital Sandbox
Currencies	None
Securities	None