May29,2024
Global Blockchain Business Council (GBBC), with the help of our members, is pleased to have submitted a response to the Digital Securities Sandbox consultation paper presented by the Bank of England and Financial Conduct Authority (FCA).
We welcome the efforts of the Bank of England and the FCA in fostering an innovative financial landscape through the Digital Securities Sandbox.
In our response, we have outlined recommendations developed by GBBC’s members, throughout a series of roundtables and discussions, as part of the GBBC DSS Working Group. Our response addresses six key themes for the regulators to consider, focusing on inclusiveness, a systemic support framework for innovative emerging business models, and the development of clearer guidelines for communication and negotiations between regulators and Sandbox participants.
Read the full response here.
GBBC thanks the Bank of England and FCA for working with the industry. We would also like to thank our DSS Working Group, co-chaired by GBBC Board Director Dimitrios Psarrakis and Arun Srivastava, Partner at Paul Hastings, plus all our members who contributed to this response. Special thanks to our European Policy Analyst, Adrian Matak.
