UK publishes digital securities sandbox regulations

The UK has introduced a new regulation that allows its financial regulatory authorities to operate a digital securities sandbox (DSS), which allows companies to test new solutions and products under regulatory supervision. The new regulation will take effect on January 8th, and the Financial Conduct Authority (FCA) and the Bank of England will be able to operate the DSS. Companies will also test distributed ledger technology, which supports the digitization or tokenization of traditional securities using encryption technology.