Bitcoin
Bitcoin (BTC)
$67,039.00 0.47232
Bitcoin price
Ethereum
Ethereum (ETH)
$3,513.09 0.04719
Ethereum price
BNB
BNB (BNB)
$593.37 -0.08263
BNB price
Solana
Solana (SOL)
$173.23 2.63517
Solana price
XRP
XRP (XRP)
$0.5961800 4.17628
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 1.78588
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -3.72155
Pepe price
Bonk
Bonk (BONK)
$0.0000307 -1.78983
Bonk price
Bitcoin
Bitcoin (BTC)
$67,039.00 0.47232
Bitcoin price
Ethereum
Ethereum (ETH)
$3,513.09 0.04719
Ethereum price
BNB
BNB (BNB)
$593.37 -0.08263
BNB price
Solana
Solana (SOL)
$173.23 2.63517
Solana price
XRP
XRP (XRP)
$0.5961800 4.17628
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 1.78588
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -3.72155
Pepe price
Bonk
Bonk (BONK)
$0.0000307 -1.78983
Bonk price
Bitcoin
Bitcoin (BTC)
$67,039.00 0.47232
Bitcoin price
Ethereum
Ethereum (ETH)
$3,513.09 0.04719
Ethereum price
BNB
BNB (BNB)
$593.37 -0.08263
BNB price
Solana
Solana (SOL)
$173.23 2.63517
Solana price
XRP
XRP (XRP)
$0.5961800 4.17628
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 1.78588
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -3.72155
Pepe price
Bonk
Bonk (BONK)
$0.0000307 -1.78983
Bonk price
Bitcoin
Bitcoin (BTC)
$67,039.00 0.47232
Bitcoin price
Ethereum
Ethereum (ETH)
$3,513.09 0.04719
Ethereum price
BNB
BNB (BNB)
$593.37 -0.08263
BNB price
Solana
Solana (SOL)
$173.23 2.63517
Solana price
XRP
XRP (XRP)
$0.5961800 4.17628
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 1.78588
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -3.72155
Pepe price
Bonk
Bonk (BONK)
$0.0000307 -1.78983
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.