The UK’s Financial Conduct Authority (FCA) has continued to throw its weight behind blockchain, with nearly half of the firms newly accepted into its regulatory “sandbox” experimenting with the technology.
The FCA revealed on Tuesday that it had granted approval to 29 firms — a record high — from a pool of 69 applicants, to make up the fourth cohort of sandbox companies. Of those, 12 were using distributed ledger technology, best known for powering cryptocurrencies such as Bitcoin.
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