Gibraltar 'Blockchain' Regulatory Framework On Track
by Amanda Banks, Lowtax.net, London
16 October, 2017
Gibraltar says it is on track to provide regulatory certainty to blockchain firms by January 2018.
Regulations and a Bill have been published, which are intended to provide an efficient, safe, and innovative regulatory framework for firms using distributed ledger technology (DLT), and who are not otherwise subject to regulation.
Albert Isola, Gibraltar's Minister for Commerce, commented: "I am delighted and excited in equal measure to publish this legislation ... I believe this framework will provide strong long-term economic opportunity across many key areas of our economy. International reaction to our initiative has been overwhelmingly positive and reaffirmed our ability to embrace change in a safe and regulated environment; we have done this before and will do so again. The DLT framework positions Gibraltar as a jurisdiction which facilitates innovation whilst ensuring it continues to meet its regulatory and strategic objectives."
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