The UK has introduced new regulations for the Digital Securities Sandbox (DSS).
England 18 December Monday Into the Digital Securities Sandbox He shared a detailed regulation explanation regarding the In the statement DSS The limits of what can be done and the conditions required for participation in this program were determined.
However, DSS requires regulators and companies to distributed ledger technology (ledger) and securities tokenized It was stated that it would allow testing many solutions, including
As part of the Financial Services and Markets Act On January 8, 2024 will come into force. Regulations Bank of England And UK Financial Conduct Authority (FCA) will be inspected by. under DSS investments in the cryptocurrency sector will not be included and only digital assets such as tokenized securities will be compensated.
In the details of the statement, it was emphasized that the central bank and the FCA could take the necessary steps they deem appropriate:
The Bank and the FCA must take such steps as they deem appropriate to co-operate with each other in connection with the operation and supervision of the DSS.
UK announced on 22 November within the scope of the budget program He announced DSS. In that announcement, his program included the digital asset sector will facilitate growth a new venture for legislation While it is implied that the program in question is In the first quarter of 2024 It was stated that it was planned to start.