The amendments allowing the Financial Conduct Authority (FCA) and the Bank of England to implement the Digital Securities Sandbox (DSS) have come into effect. This sandbox allows companies to test new solutions and products related to tokenized securities and distributed ledger technology. 🇬🇧💼 #FCA #BankOfEngland #DigitalSecurities #blockchain​ #regulations

🏦 The Bank of England, in its financial stability report, has acknowledged the positive response of banks to the use of cryptographic technologies like programmable ledgers and smart contracts for real asset tokenization (RWA). The report highlights the potential for these technologies to amplify the financial system crisis due to increased interconnectedness between traditional financial assets appearing on the same ledger. While the risk is currently not high, the Bank of England plans to closely monitor this trend and collaborate across countries to mitigate any potential risks. 💼🌐 #BankOfEngland #CryptoTechnology

🏦 Bank of England stresses the need for clear regulations on self-custodial wallets in stablecoin commercialization. 💼 Concerns about money laundering and terrorism financing. 👛 Equal consumer protection for wallet providers sought. 🇬🇧 UK regulatory framework for stablecoins under development. 📜 #StablecoinRegulations #BankOfEngland 👥