UK's FCA to Launch a Permanent Digital Sandbox


July 20, 2023


Gabriel Negrín

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The Financial Conduct Authority (FCA) of the United Kingdom has launched a Digital Sandbox. The plan is to assist early-stage technology enterprises in banking, investing, lending, and payments. 

The Digital Sandbox enables these companies to test their products without affecting the actual world, providing a safe environment for project evaluation. They plan to help businesses launch new products and services.

The UK government has also suggested a sandbox for financial market infrastructure and launched a consultation for digital securities. 

These initiatives seek to promote technical developments and innovation in the financial industry.

More information on the project will be available on August 1, 2023.