Middle East

North America

South America


Cryptoassets & Blockchain Legal News

BTC $ 3604 0.77%
BCH $ 128 4.67%
ETH $ 119 1.22%


Draft Regulations published for Gibraltar for Blockchain Startups

October 13, 2017 by Ashley MAO

A draft of upcoming regulation of blockchain services has been published by Gibraltar’s Financial Services Commission.

According to the document, all commercial use of blockchain technology would be covered by the new regulations as long as it was for the purpose of storing and transmitting value – the latter defined by the paper as “assets, holdings, or other forms of ownership, rights or interests.”. The new framework would cover crypto exchanges and other cryptocurrency investment services.

The entities dealing with blockchain technology who conform to a set of principles such as honesty, protection of customer assets and sustaining a high grade of cybersecurity would be granted working licenses under the new framework.


More info from other sources

Ashley MAO, Coinlaw

view profile
Ashley MAO is a member of the Coinlaw team. Read more about our team.

Gibraltar Latest Cryptoassets & Blockchain Legal News

Stay tuned with the legal news on blockchain & cryptoassets

Whether you are a founder gearing-up for an ICO, a token-buyer or a cryptoasset trader, subscribe to our newsletter to be informed of the latest legal developments impacting blockchain & cryptoassets in each and every jurisdiction