Test Your Own Blockchain In Regulatory ‘Safe Space’

The Financial Conduct Authority’s (FCA) testing ground for fintech start-ups will boost blockchain development and support disruptive technologies without fear of enforcement, the regulator claims.

In a report released yesterday, it said it hopes to provide a facility for fintech businesses to test and develop innovative products, in a real-world setting but free of potentially-stifling regulatory requirements.

According to the FCA, the initiative is designed to support the UK’s burgeoning fintech industry, which it said generates around £20bn of revenue a year and is home to half of Europe’s promising “disruptive” start-ups.

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