UK Watchdog Allows Three Blockchain Firms to Join Regulatory Sandbox
Three blockchain-focused firms are among the latest 29 companies accepted into the U.K. financial watchdog?s regulatory sandbox.
- The United Kingdom's Financial Conduct Authority (FCA) has allowed three blockchain -based businesses to join the latest cohort of its regulatory sandbox, the organization announced on April 29.
- Diro Labs is one of the blockchain-driven companies accepted by the FCA for performing tests on a "short-term and small-scale basis.
- Such schemes have become popular with regulators around the world, with the Reserve Bank of India recently announcing it will also allow blockchain innovations to be tested in this way.