Blockchain

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.

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.