Middle East

North America

South America


Cryptoassets & Blockchain Legal News

BTC $ 3605 0.87%
BCH $ 128 4.2%
ETH $ 119 1.28%


Gibraltar blockchain startups to be licensed

December 14, 2017 by Ashley MAO

Gibraltar startups working with blockchain are likely to be licensed, according to a Reuters report.

The licensing system created by The Gibraltar Financial Services Commission (GFSC) would apply to companies using blockchain to transmit money or assets technology.

Nicky Gomez, GFSC head of risk and innovation, said that the licensing system “Is the first instance of a purpose-built legislative framework for businesses that use blockchain […]”

Startups willing to be licensed would be required to hold capital of an amount specified on a case by case basis, as well as follow anti-money laundering and terrorist financing regulations.

Tags: ,

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