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The United Kingdom’s Financial Conduct Authority (FCA) has announced the launch of its Digital Sandbox, aimed at supporting tech firms in the early stages of product development.In a July 20 announcement, the FCA said the Digital Sandbox will become available on a permanent basis starting on Aug. 1. The financial
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A sandbox provides a secure setting in which developers can test and evaluate their products in the knowledge that any unintended side effects will be isolated from a live environment. The FCA's offering can be configured to support a number of distributed ledgers and digital-asset use cases, like building interoperability
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The ICO’s Regulatory Sandbox aims to support organisations who are creating products and services which utilise personal data in innovative and safe ways. The Betting and Gaming Council entered the Sandbox to explore the gambling industry’s development and trial
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The Treasury Department of the United Kingdom has proposed excluding unbacked crypto assets and derivatives from its plans for a digital securities sandbox.In a consultation paper released on July 11, HM Treasury said the regulatory sandboxes that will be established under the country’s Financial Services and Markets Act will provide
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Virtual worlds will need international engagement to stay open and secure, a leaked European Commission strategy paper said. Source
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The first batch of blockchain use cases to debut in Europe's regulatory sandbox was formally introduced on July 3, following a long wait and nearly 90 applications received in April. First disclosed in 2020, the initiative aims to bridge the regulatory gap between European nations and crypto companies.According to the
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And, while New York City is admittedly a hub for hubris, it's not so bizarre to imagine the city as a center for crypto too. This was true before the crypto market crash last year and will likely continue amid a period of regulatory uncertainty. New York was one of
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The virtual asset community has been taken aback by recent statements made by the U.S. Securities and Exchange Commission (SEC) concerning the categorization of virtual assets. Notably, the SEC claims that tokens of Decentraland and The
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A Twitter account belonging to Arthur Madrid, the co-founder and CEO of The Sandbox, a metaverse project, was compromised recently by an unknown hacker. The hacker used the account to spread a phishing scam that claimed
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Arthur Madrid, co-founder and CEO of metaverse project The Sandbox, was the victim of a Twitter account hack on May 26, according to a post from Madrid that was apparently made after he recovered the account. The attacker allegedly used Madrid’s account to promote a fake “airdrop” phishing scam.In Madrid’s
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