The UK Financial Conduct Authority (FCA) is set to launch its second crypto sandbox in the first quarter of 2024. This sandbox will have set rules to govern digital securities and will allow companies to set up financial market infrastructures using digital asset technology. The sandbox will be the first financial market infrastructure sandbox deployed under the Financial Services and Markets Act 2023. The FCA had previously opened a consultation on the Digital Securities Sandbox, inviting respondents to express interest in using DSS.The UK Treasury is also considering imposing a blanket ban on digital assets cold calls due to the increasing incidence of fraud-related cold calls for financial products targeting vulnerable consumers. The Treasury released a consultation paper to assess the grassroots impact of banning financial services-related cold calls and called for evidence to assess the full impact on businesses, including the proposed ban’s cost. On May 3, the UK government launched a progressive fraud-curbing strategy involving introducing 400 new police intelligence-related jobs.

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Information	Details
Geography	Europe
Countries	🇬🇧
Sentiment	neutral
Relevance Score	8
People	Helen Boyd, Andrew Griffith
Companies	Financial Conduct Authority (FCA), Digital Securities Sandbox (DSS), National Crime Agency, Financial Services and Markets Act 2023, UK Treasury
Currencies	None
Securities	None