UK Government has published its response to implementing the Digital Securities Sandbox, which will facilitate the use of digital assets in financial markets.

🔈Yesterday, UK Government has published its response to implementing the Digital Securities Sandbox, which will facilitate the use of digital assets in financial markets.

The document summarises the feedback on the consultation, which was published on 10 July 2023 and closed on 22 August 2023, and sets out the government’s response. Government has said that legislation implementing the DSS will be laid before Parliament in due course.

A quote from the paper:

‘..Some responses pointed to the existence of hybrid systems, such as ‘public-permissioned’ systems which combine aspects of both private and public, and highlighted the possibility of combining the benefits of decentralised systems with robust legal/regulatory frameworks — The Government intends to keep the DSS technology neutral..’

On behalf of our members and partners, BBA will continue to work with all relevant government and industry stakeholders toward evidence-based adoption of Crypto-Assets.

Read Their Full Response to the Consultation.
https://www.linkedin.com/posts/britishblockchain_hm-treasury-uk-digital-securities-sandbox-activity-7133174707532500993-Ppbc

HM Treasury | Financial Conduct Authority | Bank of England | GOV.UK