RE: Only 1 in 7 get accepted so 6 out of 7 fail31 May 2024 11:49
Tone Goh, Chairman of GST, commented: "Since the launch of GS Money stablecoins in late November 2021, we have made considerable progress, not only in this area but also with our other GS Money offerings.
Although we initially viewed admission of our stablecoins to the FCA Regulatory Sandbox as an ideal next step, we understand and appreciate the FCA's rigorous admission criteria.
Therefore, we are very pleased to have been offered a place on their Innovations Pathway programme.