UK Watchdog Allows Three Blockchain Firms to Join Regulatory Sandbox

UK Watchdog Allows Three Blockchain Firms to Join 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.


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