Published on July 10th, 2018 | by bitcoin0
U.K. Financial regulation of the end recognizes the potential for blockchain-based boot capability
Finally, the U.K.’s financial regulator, Financial Conduct Authority, started to recognize the benefits that blockchain technology can bring to the society.
As it has been revealed, the UK’s Financial Conduct Authority (FCA), the country’s financial regulator, announced that 29 companies were accepted to compose the fourth cohort of its regulatory sandbox.
According to the information provided, more than 40% of them will test blockchain or distributed ledger technology (DLT) solutions.
It means that 11 blockchain and distributed ledger technology-related companies have received access to the sandbox.
It will be testing its platform in cooperation with the London Stock Exchange Group and a London-based financial service company called Nivaura.