The UK Plans to Launch a New "Sandbox" for Digital Securities in Q1 2024.

The United Kingdom continues its active development of the regulatory environment for digital assets and digital securities. Recently, during the CCData summit focused on digital assets, Helen Boyd, the head of the capital markets division at the Financial Conduct Authority (FCA) of the UK, announced the country's plans to launch a new sandbox for digital securities by the end of the first quarter of 2024. This represents a significant step in the development of regulation in the field of digital assets and reflects the UK's commitment to ensuring safety and innovation in this area.

The initiative to launch a new sandbox for digital securities underscores the UK's ambition to become a global leader in the development and regulation of digital financial instruments. According to Helen Boyd, this sandbox will differ from the existing one, launched by the FCA in August 2023. It will introduce new rules and structures that allow for more efficient and secure use of digital securities.

For companies and entrepreneurs operating in the field of digital securities, this opens up new prospects. They will be able to conduct experiments and testing of their projects in a controlled environment, promoting innovation in this sphere and improving the quality of services provided.

Boyd also emphasized that the FCA is awaiting the Treasury's determination of the authority that will be granted to the agency in the field of cryptocurrencies. This demonstrates the UK's intention to actively participate in regulating the cryptocurrency market and ensuring the safety and trust of industry participants.

The recent actions of British regulatory authorities reflect the rigor with which they approach the regulation of digital assets. The Treasury is considering a complete ban on cold calls for cryptocurrency investments, underscoring the determination to combat fraud and non-compliance with marketing rules in this area.