ChainCatcher news, according to Crypto Briefing, SEC Commissioner Mark Uyeda stated in an interview with Fox Business that he supports establishing a safe harbor and regulatory sandbox mechanism in the cryptocurrency space to promote innovation.As a leading candidate for SEC Chairman under the Trump administration, Uyeda emphasized the need to end the so-called "crypto war" and to create a clearer regulatory framework. Uyeda pointed out that "many crypto assets are not actually securities, yet they are labeled as such." He stressed the importance of collaboration between Congress, the White House, and regulatory agencies in establishing a comprehensive regulatory framework.

ChainCatcher news, the Hong Kong Association of Banks published an article in the Hong Kong media outlet Ta Kung Pao titled "Digital Banking Integrates into the Web 3.0 Wave," revealing that Hong Kong digital banks have completed over 100 "Fintech Regulatory Sandbox" tests through the Monetary Authority in the past four years, accounting for more than 40% of the total sandbox test cases.In addition, some Hong Kong digital banks have begun to provide reserve banking services for stablecoin issuers, and there are also digital banks capable of acting as settlement banks for licensed virtual asset trading platforms, offering services such as timely processing and settlement of transactions.

ChainCatcher news, according to Bitcoin.com, Spain's second-largest bank BBVA has announced the launch of a tokenized fund as part of the regulatory sandbox implemented by Spain's securities regulator CNMV. This sandbox allows participants to innovate and experiment with new technologies under the supervision of the regulatory authority. Each project must be submitted and approved according to the assessments and requirements established by CNMV.The BBVA short-term fixed income token fund will register its operations on a private blockchain, provided by Allfunds, a software developer that creates decentralized solutions for third parties. BBVA Asset Management will act as the manager and marketer of the fund, utilizing Allfund's network, smart contracts, and nodes specifically created for this test case. Investors will operate the fund like a traditional fund, thereby removing the complexities of decentralized operations.

ChainCatcher news, according to reports, digital bank ZA Bank has announced that its virtual asset trading service has entered the sandbox testing phase. The bank stated that this innovative service aims to allow eligible retail investors in Hong Kong to enjoy a safer, more reliable, and convenient virtual asset trading experience in a strictly regulated banking environment, further promoting the development of fintech in Hong Kong.

ChainCatcher news, according to Cointelegraph, the Depository Trust & Clearing Corporation (DTCC) has announced the launch of an open digital sandbox ecosystem called "DTCC Digital Launchpad." The platform is designed to enable market participants and technology providers to initiate pilot projects with clear production pathways to address pain points in capital market infrastructure.DTCC has invited a group of participants to join the Digital Launchpad to develop solutions for key collateral management pain points. The relevant results will be announced in the first quarter of 2025. Meanwhile, DTCC clients can access the DTCC digital asset product suite in the sandbox environment, allowing them to develop their own use cases without significant investment.Previously, DTCC successfully completed a proof of concept with the Japan Securities Clearing Corporation (JSCC), demonstrating the potential of digital technology in collateral management. JSCC minted tokens representing cash, stocks, and bonds using DTCC infrastructure and integrated margin calls and digital asset access processes through smart contracts.Nadine Chakar, Global Head of Digital Assets at DTCC, stated that the company aims to challenge the "isolated approach" of the digital asset industry, with the ultimate goal of bringing together industry forces to build a secure and efficient digital market infrastructure and standards.

ChainCatcher news, the Bank of England (BoE) and the Financial Conduct Authority (FCA) have launched a Digital Securities Sandbox (DSS), allowing companies to explore how to use Distributed Ledger Technology (DLT) for the notarization, maintenance, and settlement of financial securities.The FCA recognizes that developing technology has the potential to bring efficiency, transparency, and resilience to the market. The regulator stated that if these technologies are successfully implemented, they could make processes cheaper and faster, thereby "saving costs between the market and users." It emphasized that the DSS will facilitate the trading, settlement, and issuance of digital securities in the UK. This will be done on programmable and distributed ledgers while complying with the regulations of the Bank of England and the FCA.The FCA added that this initiative will strengthen the UK's position as a global financial center, creating the right conditions for investment and sustainable growth.

ChainCatcher news, the European Commission has announced the regulatory authorities participating in the second batch of its blockchain sandbox program. The European Blockchain Sandbox Initiative (EBSI) recently stated that 41 authorities and regulatory bodies from 22 countries in the EU and the European Economic Area have joined the initiative.Participants include authorities from the following countries: France, Spain, the Netherlands, Italy, Greece, Slovenia, Germany, Cyprus, Portugal, Bulgaria, Belgium, Denmark, Norway, Latvia, Malta, Poland, Hungary, Slovakia, Iceland, Liechtenstein, Lithuania, and the Czech Republic.The European Commission launched EBSI to support use cases involving Distributed Ledger Technology (DLT). The project aims to provide a framework for blockchain projects, regulatory bodies, and authorities to engage in dialogue and identify legal and regulatory barriers to blockchain innovation, enhancing regulatory certainty for decentralized technology solutions such as blockchain.

ChainCatcher news, according to Blockworks, payment giant Visa stated on Wednesday that Spain's BBVA has been involved in the development of the new Visa Tokenization Asset Platform (VTAP) sandbox this year. The bank is testing the issuance, transfer, and exchange of bank tokens on the network blockchain, with plans to launch an initial pilot for selected customers on the Ethereum blockchain in 2025.

ChainCatcher news, according to Lookonchain monitoring, a wallet address received 41 million SAND (approximately 11.77 million USD) from The Sandbox genesis wallet, and 6 hours ago deposited 25 million SAND (approximately 7.17 million USD) into Binance and OKX.

ChainCatcher news, according to Lookonchain monitoring, a wallet address received 41 million SAND (approximately 11.77 million USD) from The Sandbox genesis wallet, and 6 hours ago deposited 25 million SAND (approximately 7.17 million USD) into Binance and OKX.

ChainCatcher news, the Hong Kong Monetary Authority has launched the Ensemble project sandbox to promote tokenization applications. According to disclosed information, a total of 25 institutions are participating in the first phase, including the four major banks: HSBC, Bank of China Hong Kong, Hang Seng Bank, and Standard Chartered, as well as Ant Group and HashKey Group.The first phase of the sandbox will focus on four major tokenized asset use case themes: fixed income and investment funds, liquidity management, green and sustainable finance, and trade and supply chain financing.Hang Seng Bank's Executive Director and CEO, Angela Wong, stated that this testing provides valuable experience for tokenized deposits and asset trading, helping to improve the efficiency of existing settlement processes and reduce settlement risks, laying the foundation for the future development of new financial market infrastructure. Following this sandbox test, Hang Seng will continue to actively participate in the testing and research of Ensemble project use cases.

ChainCatcher message, according to Jin10 reports, in the progress of the first phase of the Ensemble (sandbox) project announced by the Hong Kong Monetary Authority, Ant Group's digital technology and Longxin Technology have officially announced the first domestic transaction based on renewable energy physical asset RWA completed in Hong Kong. This is one of the four tokenization-themed cases in the progress of the Monetary Authority's sandbox project and is also the case that has attracted the most attention.

ChainCatcher news, the Hong Kong Monetary Authority held the launch ceremony for the Ensemble project sandbox today, announcing that the first phase of the experiment will cover four major tokenized asset use case themes, marking an important step forward in the practical application of tokenization technology in the financial industry.

ChainCatcher message, according to @ai_9684xtpa's monitoring, the Sandbox multi-signature associated address deposited 10 million SAND into OKX five hours ago, worth 2.62 million USD. Currently, the address still has tokens worth 11.24 million USD remaining.

ChainCatcher message, according to @ai_9684xtpa's monitoring, about seven hours ago, the Sandbox multi-signature address transferred a total of 52 million SAND to two addresses, worth 13.48 million dollars, with unknown purposes. Referring to the previous transfer records of the multi-signature address, the receiving addresses will recharge some tokens into CEX, while the remaining portion will be distributed to various wallets.

ChainCatcher news, the Securities and Exchange Commission (SEC) of Thailand has launched a regulatory sandbox for digital assets, aimed at facilitating experimentation and the development of new digital asset services, and welcomes participants interested in testing its digital asset-related services.Among them, the six eligible digital asset-related services are: (1) digital asset exchanges; (2) digital asset brokers; (3) digital asset dealers; (4) digital asset fund managers; (5) digital asset advisors; (6) digital asset custody wallet providers.