The UK's Financial Conduct Authority (FCA) opened the Digital Securities Sandbox (DSS) for applications at the end of September, relaxing certain rules for DLT market infrastructure. The two entities currently announcing preliminary approval are (expected) Central Securities Depository (CSD) Montis (owned by Archax) and ClearToken, which plans to operate as a central clearing house for crypto and tokenized assets. ClearToken is backed by companies such as Laser Digital, a unit of Nomura Securiti...
According to market news, the CEO of the UK's Financial Conduct Authority (FCA) said that the FCA is experimenting with the use of artificial intelligence to process some applications, and one day artificial intelligence will be able to rule on some applications.
The UK's Financial Conduct Authority (FCA) has defended its approach to regulating the crypto industry, responding to criticism that its measures are "too harsh" and threaten to stifle innovation. Val Smith, head of payments and digital assets at the FCA's authorised division, stressed the importance of maintaining strict standards to protect consumers and preserve the integrity of financial marekts in an article published on its website on October 21. "Loosening our standards and triggering a r...
According to people familiar with the matter, the UK's Financial Conduct Authority (FCA) investigation into crypto payments firm BCB Group has been concluded, and the outcome has been favorable for the company. The FCA issued an s166 notice to BCB last year, and BCB is in constructive discussions with the regulator to expand the scope of its license. In addition, Natasha Powell, BCB's former chief compliance officer, has resigned and will join crypto exchange Kraken in November to continue as a ...