数字证券沙盒
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Transatlantic collaboration: SEC Commissioner Hester Peirce proposes US-UK digital securities sandbox
On May 29, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce proposed the establishment of a shared digital securities sandbox between the United States and the United Kingdom.
The proposal aims to expand the Digital Securities Sandbox (DSS) jointly established by the Bank of England and the Financial Conduct Authority (FCA) to U.S. companies. The sandbox project was originally scheduled to start accepting applications from the UK this summer.
Digital Securities Sandbox Application Scenarios
Participants will be able to conduct sandbox activities under the same regulatory conditions in both countries, while the United States and the United Kingdom will reach an information-sharing agreement.
The proposal aims to expand the Digital Securities Sandbox (DSS) jointly established by the Bank of England and the Financial Conduct Authority (FCA) to U.S. companies. The sandbox project was originally scheduled to start accepting applications from the UK this summer.
Digital Securities Sandbox Application Scenarios
Participants will be able to conduct sandbox activities under the same regulatory conditions in both countries, while the United States and the United Kingdom will reach an information-sharing agreement.
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🚀The Bank of England and the regulator have set up a "testing ground" for digital securities!
Let's talk about the new moves in the British financial sector. According to Cointelegraph, the Bank of England and the Financial Conduct Authority (FCA) have recently made new moves. They have jointly launched a new project called Digital Securities Sandbox (DSS) to explore the application of digital ledger technology in the field of financial securities.
What is this sandbox for? Simply put, it is used to test and explore the application of digital ledger technology (DLT) in the notarization, maintenance and settlement of financial securities. FCA believes that this technology has the potential to make the market more efficient and transparent, and to improve the stability of the system.
The regulator also said that if these technologies can be successfully implemented, it will not only reduce costs, but also benefit the entire market and users. Imagine if securities trading, settlement and issuance can all be completed on programmable and distributed ledgers, and can also comply with the regulations of the Bank of England and FCA. How cool it would be!
This new attempt by the Bank of England and FCA has shown us the infinite possibilities of financial technology. Although it is just a "testing ground" now, who knows what the future will be like? Let's wait and see!
💡Viewpoint:
The digital securities sandbox launched by the Bank of England and the FCA is not only a technical test, but also a manifestation of regulators embracing financial technology. It provides a safe testing ground for financial innovation, helps reduce costs, improve efficiency, and stimulate industry innovation while ensuring compliance and security. This not only helps financial institutions to respond flexibly to the market, but also provides a fertile ground for the growth of financial technology start-ups.
👀What do you think? What impact will this digital securities sandbox have on the financial market? Welcome to leave your views in the comment area.
#数字证券沙盒 #英国央行 #金融科技 #DLT
Let's talk about the new moves in the British financial sector. According to Cointelegraph, the Bank of England and the Financial Conduct Authority (FCA) have recently made new moves. They have jointly launched a new project called Digital Securities Sandbox (DSS) to explore the application of digital ledger technology in the field of financial securities.
What is this sandbox for? Simply put, it is used to test and explore the application of digital ledger technology (DLT) in the notarization, maintenance and settlement of financial securities. FCA believes that this technology has the potential to make the market more efficient and transparent, and to improve the stability of the system.
The regulator also said that if these technologies can be successfully implemented, it will not only reduce costs, but also benefit the entire market and users. Imagine if securities trading, settlement and issuance can all be completed on programmable and distributed ledgers, and can also comply with the regulations of the Bank of England and FCA. How cool it would be!
This new attempt by the Bank of England and FCA has shown us the infinite possibilities of financial technology. Although it is just a "testing ground" now, who knows what the future will be like? Let's wait and see!
💡Viewpoint:
The digital securities sandbox launched by the Bank of England and the FCA is not only a technical test, but also a manifestation of regulators embracing financial technology. It provides a safe testing ground for financial innovation, helps reduce costs, improve efficiency, and stimulate industry innovation while ensuring compliance and security. This not only helps financial institutions to respond flexibly to the market, but also provides a fertile ground for the growth of financial technology start-ups.
👀What do you think? What impact will this digital securities sandbox have on the financial market? Welcome to leave your views in the comment area.
#数字证券沙盒 #英国央行 #金融科技 #DLT
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