Regulatory Series on Series: US Senate Foresees Budding Technology & Digital Dollar To Play Crucial Role In Economic Competition
Digital Currency Revolution Series: Bitcoin Snapping Rallies But Unwise Build Fresh Shorts, Uphold Long Hedging
Blockchain Revolution Series: Ernst & Young Features In Top-3 Enterprises Blockchain Solution Provider
Regulatory Series on Cryptocurrencies: BIS Sheds Some Light on Evolution of CBDC Amid Pandemic Covid-19
Digital Currency Revolution Series: Bitcoin Reclaims $10k Mark, FxWirePro’s Long Hedges On Its Functionality
Cryptocurrency Derivatives Series: Ethereum On Verge Of 2Y Highs – FxWirePro’s Hedges Safeguard Upside Risks
Cryptocurrency Derivatives Series: Brazil’s SEC CVM Orders Cryptocurrency-Exchange Binance To Stop Futures Trading
Digital Currency Revolution Series: Take A Look On Buzzing Crypto-Space Amid Flurry of Fundamental Events
Digital Currency Revolution Series: Travala.com Partners With Expedia Group For Cryptocurrency-Based Travel Booking
Gibraltar passes bill supporting regulatory framework for DLT businesses
The Gibraltar Parliament has unanimously passed a bill that advances the government’s effort to introduce a distributed ledger technology (DLT) framework.
In October, HM Government of Gibraltar published the Financial Services (Distributed Ledger Technology Providers) Regulations 2017 along with a bill for an Act to amend the Financial Services (Investment and Fiduciary Services) Act.
On December 6, 2017, the lawmakers passed the bill which will create a legal basis for the introduction of the new DLT framework, which will come into effect on the 1st January 2018.
The bill was presented by Minister of Commerce Alber Isola. Commenting on the bill’s approval, he said that it is the result of over three years of detailed consultations and represents a tremendous opportunity for long term sustainable growth in the economy in a new and exciting area.
“Gibraltar is one of the first jurisdictions in the world to introduce a regulatory framework for DLT businesses thereby providing the regulatory certainty required by quality firms that we aim to attract to Gibraltar. I am aware that there are a number of businesses waiting to file their applications with the Gibraltar Financial Services Commission on 1st January 2018 and this is excellent news,” Isola said.