Torca will test in the FCA’s Regulatory Sandbox

The FCA has announced that Torca will join the fifth cohort for testing in its regulatory sandbox.

We consider that maintaining an open and transparent dialogue with our regulators is a key part of being a responsible developer of Distributed Ledger Technology (DLT) and crypto asset-related activity.

We view our ability to test in the FCA’s regulatory sandbox as being of great value, in that as a participating firm we will have access to the regulatory expertise, guidance and tools required to thoroughly test an innovative new DLT product — with real consumers — in a live, customised and controlled regulatory environment.

We look forward to providing further updates as we progress with our testing programme. To read the full announcement from the FCA, click here.

For more general information on the regulatory sandbox, visit the FCA website.

Originally published at https://torca.io on April 30, 2019.