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UK to launch Digital Securities Sandbox in Q1 2024

The United Kingdom will get its second crypto sandbox by Q1 2024. It will be explicitly focused on digital securities. During a speech at the CCData Digital Asset Summit on Oct. 3, the head of capital markets at the Financial Conduct Authority (FCA), Helen Boyd, revealed that His Majesty’s Treasury plans to launch a Digital Securities Sandbox at the end of Q1 2024. According to Boyd, the upcoming Digital Securities Sandbox will differ from the already functioning Digital Sandbox, launched by the FCA in August 2023. The FCA’s Digital Sandbox aims to support tech firms in the early stages of product development. Boyd also elaborated on the FCA’s future as a principal regulator for crypto in the United Kingdom.

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