Gibraltar Stock Exchange’s Blockchain Platform Secures Licence From Financial Regulator

The Gibraltar Blockchain Exchange has become a supplier of Ledger Technology.
The GBX was established in July of the year by the Gibraltar Stock Exchange (GSX). The platform announced its trading platform that was blockchain aiming to ldquo;eventually become the world’s first regulated asset market and ecosystem. ”“As from 21st November 2018, the GBX will operate as a fully licenced supplier of Distributed Ledger Technology (DLT), regulated by the Gibraltar Financial Services Commission beneath Gibraltar’s Financial Services Regulations 2018 DLT framework,” the announcement reads.Per the announcement, the move makes the GSX the very first controlled stock exchange to get and operates a controlled blockchain exchange.Currently that the GBX supports trading at six digital assets, such as Bitcoin (BTC), Ethereum (ETH), and the exchange’s native Rock (RKT) token, together with plans to include more fiat currency exchange alternatives, along with USD, “in the not too distant future. ”Gibraltar is known for its drive to come up with environment and a blockchain. Back in February, Gibraltar’s government and the GFSC announced the creation of a draft legislation that will govern Initial Coin Offerings (ICOs) in the British overseas territory.One of the main aspects of Gibraltar’s ICO regulations is said to be the coming of the concept of “approved sponsors,” that are assumed to function “accountable for strengthening compliance with disclosure and financial crime principles. ”By March — before the planned launching of the GBX — Gibraltar had drawn “200” potential ICOs, that represented “huge” interest in launching token sales under the land ’s recently controlled ICO environment. […]

Leave a comment