24 companies accepted for FCA’s FinTech sandbox

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, with many of them including blockchain organizations; however, the names of those taking part weren’t mentioned. Read more: cryptocoinsnews.com