The addition of the regtech platform to the FCA’s Regulatory Sandbox may shine new light on crypto markets.
U.K. regulator, the Financial Conduct Authority (FCA), has added a regulatory technology platform, dubbed Eunice, to its “Regulatory Sandbox” as a way to explore and develop industry-led solutions meant to bring more transparency into England’s crypto markets, officials say.
Using Eunice to help build new solutions is intended to “make digital assets safe and more secure for U.K. investors by ensuring consumers understand the risks before purchasing crypto,” according to the FCA. “A working group convened and led by Eunice has developed standardized, industry-led crypto disclosure templates that will make it easier for firms to meet document requirements, to ensure investors have the right information to make well-informed decisions.”
Eunice is intended to help financial institutions, regulators, and businesses “navigate crypto assets, tokenized assets and on-chain infrastructure. Working alongside some of the largest crypto assets firms, including Coinbase, Crypto.com, and Kraken, Eunice is designing and testing an innovative solution in the sandbox for disclosing important information about crypto assets,” according to the FCA announcement.
The FCA Sandbox brings regulators and industry participants together “to build the foundations for a safer and smarter digital asset market. Leading the work around disclosures is a great point of pride for Eunice, which was founded to bring integrity and transparency to digital assets at a time when institutions are stepping into the space,” says Yi Luo, CEO and co-founder of Eunice, in a prepared statement.
The FCA’s Regulatory Sandbox will include Eunice experiments with disclosure templates “to achieve maximum transparency. The insights gained from Eunice’s test will help inform the FCA’s approach to disclosure requirements for crypto assets,” officials add.
The push for greater crypto transparency is “in response to the FCA’s Admissions and Disclosures Discussion Paper that was published last year and encouraged industry to share its expertise and help shape future rules,” FCA officials say. “As part of the FCA’s Crypto Roadmap, the regulator has set out its upcoming policy publications as it prepares to publish its final rules in 2026. Recognizing the dynamic nature of the crypto sector, the FCA has encouraged industry to play a leading role in helping to shape clear crypto regulation.”
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