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South Korea’s Financial Services Commission (FSC), the country’s top financial regulator, has announced its first batch of financial services providers accepted into its financial regulatory sandbox. Among the 18 fintech solutions selected, three utilize blockchain technology: Directional will be testing a stock...
The UK’s Financial Conduct Authority (FCA) has unveiled the 29 companies composing the fourth cohort of its regulatory sandbox. More than 40% of them will be testing blockchain or distributed ledger technology (DLT) solutions, the financial regulator said on Tuesday. Six are using DLT to automate the issuance of debt...
BitX, a bitcoin startup headquartered in Singapore that offers consumer wallets, exchanges services and APIs to businesses, has been accepted into the UK's Financial Conduct Authority (FCA) regulatory sandbox. BitX will be testing its remittance solution on the blockchain. The news marks the startup's entry into the UK and...