Gibraltar Is Pioneering Cryptocurrency Regulation.
Gibraltar’s regulator approved 14 blockchain and cryptocurrency firms for its licensing program. Legal, must register with the gfsc. Gibraltar has actively legislated to regulate the operation of cryptocurrencies within its jurisdiction.
Long Seen As A Tax Haven, Over The Past Few Years Gibraltar Has Been Working To Restyle Itself As A Global Cryptocurrency And Blockchain Hub, Approving A Regulatory Framework For Crypto Businesses.
Gibraltar is preparing to change its regulations relating to cryptocurrencies and blockchain. And paul grant, associate, signature litigation llp share their thoughts on how gibraltar is pioneering cryptocurrency regulation. This legislation has provided a framework and ecosystem for the digital industry in gibraltar, even in areas it does not necessarily regulate such as crypto funds.
Gibraltar Is A Global Leader In Cryptocurrency Regulation:
In 2018, gibraltar introduced its distributed ledger technology legislation. One of the already regulated frameworks is the digital ledger. Elliot phillips, partner, signature litigation llp.
Gibraltar Is Pioneering Cryptocurrency Regulation.
Gibraltar's crypto regulations are currently the most successful. Gibraltar working on new crypto regulation. The company has recently ramped up hiring for its gibraltar office, and is working on a number of projects with crypto clients in the territory.
When We First Look At The Map And Territory Of Gibraltar, There Is Nothing To Expect From This State, Considering The Fact It Is Very Small.
Gibraltar has set itself at the forefront of the regulation of businesses that use distributed ledger technology (dlt). The tiny territory, known as “the rock” due to a gigantic protrusion of limestone that dominates its skyline, was sliced off the bottom of the iberian peninsula in 1713 and has been a british overseas territory ever since. Gibraltar’s heavy investment in digital business infrastructure is paying dividends.