Fundación de las Cajas de Ahorros‏ FUNCAS text xxu funcas May 2018 2018 monographic eng 159 p. The advent of new technologies, such as blockchain, has created a set of potential opportunities, still not fully tapped, in financial markets. At the same time, technological innovation in financial services (FinTech) has led to the emergence of numerous initiatives that, on a small scale, offer flexible online solutions, personalized and immediate service, and cost reductions. FinTech players already occupy a relevant space in the financial digitization process. However, the speed of financial innovation far exceeds the regulatory response, which poses the challenge of making innovative solutions compatible with the existence of adequate safeguards and guarantees. In this context, the May issue of SEFO, Spanish and International Economic & Financial Outlook, focuses on recent developments in the digitalization of financial markets and their potential implications for Spain. First, we assess the evolution and dimensions of the crypto assets economy. Next, we explore a relatively novel concept that allows for controlled development of financial innovation – the regulatory ‘sandbox’. specialized Economía digital crypto assets market FinTech Vol. 7, No. 3_May 2018 2254-3880 http://www.sefofuncas.com/pdf/Sefo_7-3.pdf http://www.sefofuncas.com/pdf/Sefo_7-3.pdf 180702 20230303102632.0 00004629