Peirce proposes DLT sandbox collaboration between US and UK

Securities and Exchange Commissioner Hester Peirce proposed a joint digital securities sandbox between the United States and the Bank of England. 

The idea would be to allow firms to use specified technologies in the toolbox, like distributed ledger technology. 

“Even though I tend to be more of a beach than a sandbox type of regulator, sandboxes have proven effective in facilitating innovation in highly regulated sectors. Experience in the UK and elsewhere has shown that sandboxes can help innovators ‘try out their innovations under real-world conditions,’” Pierce wrote.

Read more: UK advancing ‘digital securities sandbox’ keying in on crypto tech

Through the sandbox,…

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