Taiwanese Blockchain Consortium to Enter New Regulatory Sandbox
A consortium of Taiwanese financial institutions developing blockchain services is on the verge of entering a newly created safe-haven for FinTech startups. Announced discreetly earlier this month, the Amis blockchain consortium currently consists of six local financial institutions and the Industrial Technology Research Institute of Taiwan, but has aired plans to go international. Having already constructed a consumer-facing, peer-to-peer payments platform using Microsoft’s Azure blockchain-as-a-service platform, the consortium’s CEO, Alex Liu, told CoinDesk the move to the sandbox is....
Related News
The sandbox is designed to help remove legal uncertainties around DLT use cases. On Monday, March 14, the European Blockchain Observatory announced a call for tenders to contract a consortium, the mission of which would be to facilitate and operate a pan-European regulatory sandbox for distributed ledger technologies, or DLT, and blockchain, in particular. A major task for the future consortium will be to provide “comprehensive legal advice” concerning the operation of the core services of the European Blockchain Services Infrastructure (EBSI). The regulatory sandbox is envisaged as a....
The Bank of Uganda (BOU) has announced the launch of a regulatory sandbox that will allow fintech start-ups to test their innovative financial solutions in a controlled environment. Already, one firm, M/S Wave Transfer Limited, has received approval to test its quick response (QR) technology under this sandbox arrangement. BOU Launches Regulatory Sandbox for Fintech In its statement on June 15, the BOU says it is now inviting more firms to develop and similarly test their financial innovations under this framework. Meanwhile, the BOU statement also expands on why the central bank has....
HSBC, the British banking giant, makes its foray into the metaverse in a cutting-edge partnership with The Sandbox. With little to no favorable remarks or mindsets toward the cryptocurrency field until lately, the financial behemoth has become the first global lender to enter The Sandbox metaverse, the blockchain gaming firm announced Wednesday. The alliance creates […]
The Financial Conduct Authority (FCA) has announced the first 24 companies that will be taking part in its regulatory sandbox. In 2014, the FCA launched Project Innovate, in a bid to provide businesses on the regulations that they are required to abide by. In a bid to keep London as the FinTech centre, earlier this year, the FCA considered approving blockchain startups to actively encourage businesses to employ the technology. In September, it was reported that the FCA had had accepted 24 applicants out of 69 to take part in its first regulatory sandbox after applications closed in July,....
Microsoft will soon enter the next phase of its blockchain work with the formal launch of its Ethereum Consortium Blockchain Network. If successful, Microsoft hopes the project will help entire industries work together to more easily build increasingly complex consortia that better leverage the network effects of shared, immutable ledgers. As such, a major point of emphasis for the Ethereum Consortium Blockchain Network will be usability. The product has been designed so that groups of companies can deploy a private ethereum network with a single click. Released privately to Github earlier....