Bitcoin
Bitcoin (BTC)
$63,641.00 2.56949
Bitcoin price
Ethereum
Ethereum (ETH)
$3,485.55 1.25391
Ethereum price
BNB
BNB (BNB)
$415.15 0.66844
BNB price
Solana
Solana (SOL)
$129.83 -0.21189
Solana price
XRP
XRP (XRP)
$0.6324860 -0.92978
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000227 1.71618
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000065 53.55781
Pepe price
Bonk
Bonk (BONK)
$0.0000325 33.45974
Bonk price
Bitcoin
Bitcoin (BTC)
$63,641.00 2.56949
Bitcoin price
Ethereum
Ethereum (ETH)
$3,485.55 1.25391
Ethereum price
BNB
BNB (BNB)
$415.15 0.66844
BNB price
Solana
Solana (SOL)
$129.83 -0.21189
Solana price
XRP
XRP (XRP)
$0.6324860 -0.92978
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000227 1.71618
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000065 53.55781
Pepe price
Bonk
Bonk (BONK)
$0.0000325 33.45974
Bonk price
Bitcoin
Bitcoin (BTC)
$63,641.00 2.56949
Bitcoin price
Ethereum
Ethereum (ETH)
$3,485.55 1.25391
Ethereum price
BNB
BNB (BNB)
$415.15 0.66844
BNB price
Solana
Solana (SOL)
$129.83 -0.21189
Solana price
XRP
XRP (XRP)
$0.6324860 -0.92978
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000227 1.71618
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000065 53.55781
Pepe price
Bonk
Bonk (BONK)
$0.0000325 33.45974
Bonk price
Bitcoin
Bitcoin (BTC)
$63,641.00 2.56949
Bitcoin price
Ethereum
Ethereum (ETH)
$3,485.55 1.25391
Ethereum price
BNB
BNB (BNB)
$415.15 0.66844
BNB price
Solana
Solana (SOL)
$129.83 -0.21189
Solana price
XRP
XRP (XRP)
$0.6324860 -0.92978
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000227 1.71618
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000065 53.55781
Pepe price
Bonk
Bonk (BONK)
$0.0000325 33.45974
Bonk price

UK treasury secretary unveils new law to strengthen digital asset industry

uk-treasury-secretary-unveils-new-law-to-strengthen-digital-asset-industry
Edited by
News
UK treasury secretary unveils new law to strengthen digital asset industry

The UK government has announced the implementation of the Digital Securities Sandbox, a significant initiative aimed at integrating digital assets into the nation’s financial market infrastructure.

The UK government, under Chancellor Jeremy Hunt’s autumn statement, announced plans to implement the Digital Securities Sandbox (DSS), showing how financial markets operate and interact with newer technologies.

The DSS, slated to begin in early 2024, is part of a broader initiative to enhance the country’s economic growth through technological innovation. By introducing a statutory instrument, the government aims to foster a controlled, yet progressive environment for digital asset applications within financial markets.

This sandbox approach provides a unique platform for firms to experiment with digital technologies in a regulated and supportive setting, potentially transforming the way securities are handled and traded.

Dina White of Zodia Markets and Eva Gustavsson of Copper have lauded this development. The two emphasize the sandbox’s role in facilitating the integration of digital and traditional financial instruments, potentially revolutionizing market infrastructures such as securities depositories and trading venues.

This integration could lead to more dynamic financial market activities, including the use of digital assets as collateral or in repo transactions.

However, distinguishing the DSS from the existing Digital Sandbox by the Financial Conduct Authority (FCA), which supports early-stage digital product development. The DSS, according to FCA’s Helen Boyd, will operate under a new rule set, focusing specifically on digital securities and their potential applications in financial market infrastructures.

Follow Us on Google News