UK Treasury Launches Digital Securities Sandbox
- Digital Asset Potential: The UK Treasury's July 2023 consultation document highlights that digital asset technology has genuine transformative potential for financial markets, with the launch of the Digital Securities Sandbox providing financial market infrastructure firms the opportunity to test distributed ledger technology, thereby driving innovation in securities trading and settlement.
- Rapid Legislative Process: Within six months of the consultation's closure, the government confirmed its final approach to the Digital Securities Sandbox in November 2023, with the statutory instrument establishing the sandbox laid on December 18, 2023, creating the legal basis for firms to apply.
- Market Infrastructure Transformation: By adopting tokenized securities, the settlement time for traditional securities transactions will be significantly reduced, minimizing intermediary layers, which lowers counterparty risk and capital requirements, allowing institutions to free up more capital for other uses.
- Industry Support and Future Outlook: The UK Finance industry body endorses this direction, stating that the sandbox is a key component in building digital markets, and the application process over the next five years will provide critical insights for the evolution of regulation and legislation surrounding digital assets.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0218 | 0.0275 | 0.0335 | 0.0392 | 0.0452 | 0.0509 | 0.0569 |
| Fibonacci | 0.0275 | 0.0319 | 0.0347 | 0.0392 | 0.0436 | 0.0464 | 0.0509 |
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