Regulators and industries jointly promote UK blockchain sandbox

A UK petition on blockchain regulation sandbox received more than 10,000 signatures in two weeks, supported by Coinbase and industry alliances. Supporters believe that the current regulations hinder innovation and urge aligning with blockchain-friendly jurisdictions such as Singapore. The Financial Conduct Authority (FCA) is open to adjustments to rules, while supporters highlight potential economic benefits, including attracting talent and investment. The UK government is considering a legislative review to position the UK as a global blockchain hub for post-Brexit.