Gibraltar Blockchain Exchange now licenced by GFSC

The Gibraltar Blockchain Exchange (GBX) has secured a DLT provider licence from the Gibraltar Financial Services Commission (GFSC).

The venture was established by the Gibraltar Stock Exchange (GSX). Following a soft launch involving 300 participants, it opened to members of the public in July.

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“Gibraltar has found the right blend of sensible and supportive regulation, which has helped position the jurisdiction as a lodestar for the global cryptocurrency space, while allowing blockchain companies to flourish,” says Nick Cowan, CEO of GBX.

“Its emergence as a leading crypto hub hasn’t happened as a result of rushed regulatory action, but rather a methodical, considered approach. Crucially, there has been a realisation that the pursuit of innovation should never come at the expense of sustainability and long-term development. I look forward to seeing this trend continue in the months and years ahead.”

Further details here.