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The Bank of England and the Financial Conduct Authority have launched a digital securities sandbox for DLT testing
PANews reported on April 4 that the Bank of England (BoE) and the Financial Conduct Authority (FCA) have begun consultations on the draft Digital Securities Sandbox (DSS) guidelines, which are designed to allow participants to test distributed ledger technology (DLT) to trade and settle digital securities such as stocks and bonds, according to Cointelegraph. According to the draft joint consultation and guidance released on Wednesday, the sandbox will last for five years and could lead to a new regulatory regime for securities settlements. Applicants who successfully use the Sandbox will be able to provide securities depository and settlement services, as well as operate a trading venue in accordance with the revised regulations.