Gibraltar is first to issue blockchain regulations

Gibraltar is first to issue blockchain regulations

By site_editor

Distributed Ledger Technology (DLT) Regulatory Framework

 

The Gibraltar Financial Services Commission’s (GFSC) DLT Regulatory Framework came in to effect on 1st January 2018. This means that firms in Gibraltar, that use DLT (also known as blockchain) to store or transmit value belonging to others, now have to apply for a licence from the GFSC. 

The GFSC offers an outcomes-focused, principles-based regulatory framework for DLT that is objective, targeted and flexible.

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