crypto news

28 blockchain/crypto startups might soon operate within the British market

Published 2 years ago

28 blockchain/crypto startups might soon operate within the British market

Chepicap via

One of Britain’s most influential financial regulatory bodies will allow 28 blockchain companies to test their products in the real market. In other words, it’s a matter of time until the British market and technology industry will be conquered by blockchain. The Financial Conduct Authority (FCA) set up a “regulatory sandbox” that provides a sort of real-life experiment for startups that involve “innovative products, services, business models, and delivery mechanisms”.

This allows new products or concepts to be tested in the actual market within a controlled environment. Hundreds of projects applied and the results published over this month suggest that well under half of them will be effectively allowed to perform real-life tests as part of the sandbox. However, among the lucky 40% or so that were accepted you will find an overwhelming number of blockchain- and cryptocurrency- oriented businesses.

In reference to these projects, the FCA stated that they are “keen to explore whether, in a controlled environment, consumer benefits can be delivered while effectively managing the associated risks.” These declarations, along with the fact that 28 out of 89 startups accepted employ blockchain, smart contracts, cryptos or distributed ledgers, reveal the overall sentiment of the British market - and regulators - towards the crypto industry. The prospects are, in fact, optimistic enough for the London Stock Exchange Group to allow one of these projects operate on the third largest exchange in the world. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

Augur mainnet faces some harsh criticism

After the successful launch of its mainnet today, Augur has come in for some serious criticism. Users have complained about the difficulty involved with using the system, which is intended as a decent ... Read More

Li Xiaolai resigns as managing partner of $1 million blockchain fund

Crypto investor Li Xiaolai has resigned from his position as managing partner of the $1 million Hangzhou Xiong'An Blockchain Fund. This is in the wake of defamatory comments allegedly being made again ... Read More

Nigeria has many reasons to favor bitcoin over their national currency

While some crypto investors fear over the value of bitcoin, which seems to be in trouble once again, others see it as a solution to their financial problems. For those who didn’t think it possible, he ... Read More

Ontology releases new ONTO Client

Ontology has announced the launch of the ONTO Client, for Android devices. The company has described ONTO as a "comprehensive decentralized client product, which is an entrance of [the] trust search e ... Read More

South African crypto investment platform BitFund launches

Newly launched cryptocurrency platform, Bitfund will focus on simplifying investing in cryptos for South Africans. Tech Financials have reported that the exchange will focus on exposing investors to i ... Read More