By Kyle Morris
Shares in GSTechnologies Ltd. rose 13% on Monday after the company said it has filed its stablecoin application for admission to the U.K. Financial Conduct Authority Regulatory Sandbox.
The fintech and IT-solutions company said FCA Regulatory Sandbox application is a key pillar of the stablecoin activities that it intends to carry out.
Shares at 0830 GMT were up 0.04 pence at 0.35 pence.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
02-20-23 0358ET