GIBRALTAR FIRST TO REGULATE DISTRIBUTED LEDGER TECHNOLOGY

Gibraltar Chronicle reports that Gibraltar becomes the first jurisdiction in the world to offer a regulatory framework for distributed ledger technology (DLT), paving the way for the its drive in a booming new area of business.  The DLT regulatory framework came into effect on January 1st and means that Gibraltar-based firms using blockchain to store or transmit value belonging to others must now apply for a licence from the GFSC.

http://chronicle.gi/2018/01/global-first-as-gibraltar-regulates-blockchain/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

%d bloggers like this: