Fun

News Feed - 2023-07-21 01:07:00

Turner Wright8 hours agoUK financial watchdog announces launch of permanent Digital Sandbox in AugustAccording to the FCA, the sandbox will be open to businesses, startups and data providers, including those involved in banking, investment, lending and payments.11055 Total views22 Total sharesListen to article 0:00NewsJoin us on social networksThe United Kingdom’s Financial Conduct Authority (FCA) has announced the launch of its Digital Sandbox, aimed at supporting tech firms in the early stages of product development.


In a July 20 announcement, the FCA said the Digital Sandbox will become available on a permanent basis starting on Aug. 1. The financial watchdog conducted two pilot programs of the initiative, which will be open to businesses, startups and data providers — including those involved in banking, investment, lending and payments.


A sandbox allows projects to operate in a testing environment to evaluate their products and services largely without unintended side effects impacting the real world. According to the FCA, the Digital Sandbox is aimed at helping innovative firms in their efforts to launch new products and services, as well as support economic growth and international competitiveness.


Related:UK government rejects lawmaker’s call to treat crypto like gambling


The U.K.’s Economic and Finance Ministry proposed a “financial market infrastructure sandbox” in April 2022 alongside its plans for a regulatory framework on payment stablecoins. HM Treasury has also opened up a consultation for a digital securities sandbox that could include crypto products in July.


On July 3, the European Commission announced 20 projects had been selected for a European Union regulatory sandbox. Those qualifying for the initiative included firms in finance and capital markets, telecoms and information technology and global trade.


Magazine:Crypto regulation: Does SEC Chair Gary Gensler have the final say?# Government# Cryptocurrency Exchange# United Kingdom# Sandbox# RegulationAdd reactionAdd reactionRelated NewsCan artificial intelligence prevent the next financial crisis?The European Commission’s Web4 strategy might be a flopUS law protects institutions and exposes retail investors — Rep. TorresUK financial watchdog reminds crypto firms of October deadline for marketing complianceUK government moves forward on bill aimed at empowering authorities to seize cryptoIMF eyes tens of billions in crypto asset taxes, has few suggestions for collecting them

News Feed

Railgun denies being used by North Korea as it nears $1B total volume
Felix Ng7 hours agoRailgun denies being used by North Korea as it nears $1B total volumePrivacy protocol Railgun, which security analysts have labeled a “prime alternative” to Tornado Cash, denied U.S.-sanctioned ent
Konami partners with Avalanche for Resella NFT platform launch
Ezra Reguerra4 hours agoKonami partners with Avalanche for Resella NFT platform launchKonami Digital Entertainment has teamed up with Avalanche to debut Resella, an intuitive NFT platform simplifying NFT creation, issuan
$2B in Silk Road Bitcoin seized by DOJ moves to new wallet
Turner Wright7 hours ago$2B in Silk Road Bitcoin seized by DOJ moves to new walletThe crypto seized was connected to James Zhong, who was convicted in 2022 of wire fraud related to the Silk Road marketplace.6874 Total vi
Ranked Wall Street Analyst, Founder of altFINS, Democratizes Crypto Investing
Ranked Wall Street Analyst, Founder of altFINS, Democratizes Crypto Investing sponsored The Fair token launch gives its community an equal opportunity to participate in lieu of easy
Helen Partz10 hours agoWhat bear market? These crypto websites see traffic rising in 2023Crypto exchanges HTX (formerly Huobi) and OKX have seen their traffic surging 200% and 185% YTD, respectively.4949 Total views32 To
Hyperbitcoinization: Visions of Bitcoin Fueling the Post Covid-19 Shadow Economy
Hyperbitcoinization: Visions of Bitcoin Fueling the Post Covid-19 Shadow Economy With the recent coronavirus spread and its overall effect on the global economy, some people beli
Twitch Co-Founder Justin Kan Launches Gaming-Centric NFT Marketplace Fractal
Twitch Co-Founder Justin Kan Launches Gaming-Centric NFT Marketplace Fractal The co-founder of Twitch, Justin Kan launched a gaming-centric non-fungible token (NFT) marketplace cal
The Opendao Gives Xmas Airdrop to Opensea Users
The Opendao Gives Xmas Airdrop to Opensea Users New decentralized organization Opendao gave users of Opensea, one of the biggest NFT marketplaces by trading volume, a gift on Chris
Bybit Migrates to Tether to Boost Liquidity. Here’s Why Best Wallet Presale Can 100x
Este artículo también está disponible en español. Bybit is now moving its options and future contracts to Tether (USDT) and will not issue new USDC contracts from Februar
Fed Chair Powell: We’re Not Seeing Significant Macroeconomic Implications From Crypto Sell-Off
Fed Chair Powell: We"re Not Seeing Significant Macroeconomic Implications From Crypto Sell-Off Federal Reserve Chairman Jerome Powell says the central bank is “not really se
US Senator Calls Sam Bankman-Fried to Answer for Failure of FTX and Alameda Research
US Senator Calls Sam Bankman-Fried to Answer for Failure of FTX and Alameda Research Two congressional hearings will be held next week on the collapse of cryptocurrency exchange FT
MarginFi outflows $190M as CEO rage quits amid token controversy
Tom Mitchelhill7 hours agoMarginFi outflows $190M as CEO rage quits amid token controversyWithdrawals from the Solana-based DeFi protocol have reached record levels amid an apparent management meltdown and claims from co