BlockchainInvestmentMarketRegulation

Gibraltar Parliament Supporting Blockchain Businesses

Following a three year consultation period, Gibraltar has revealed it will be regulating Distributed Ledger Technology businesses. In doing this, the Government of Gibraltar has specifically stated that it doesn’t wish to stifle the growth and development of the industry, but instead intends to protect investors. The regulation, legal documentation and framework are available to the public and will see the companies themselves being regulated, as opposed to the technology or cryptocurrencies involved.

A Bill for an Act to amend the Financial Services (Investment and Fiduciary Services) Act was unanimously passed by the Gibraltar Parliament on the 6th of December, 2017, but some companies, such as Xapo, have already been granted an e-money license in Gibraltar.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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