UK Finance Minister Rishi Sunak has proposed a new initiative to address digital asset regulation in the country. The project will explore the possibility of creating a “regulatory sandbox” for digital asset startups, allowing them to innovate within a controlled environment without immediate or strict regulation. Sunak also highlighted the opportunities to promote financial inclusion and stimulate economic growth that digital assets could bring if they are developed in a safe and transparent manner. The sandbox will provide an opportunity for startups to operate within a clear and safe legal framework, safeguarding both them and their investors. The initiative will be launched later this year and is part of the government’s effort to make the UK a “global leader” in the digital asset space.
