the The Gibraltar Blockchain Exchange (GBE) has received the green light from the securities and exchange Commission of the country. Thus, the GBE is the first fully licensed Blockchain Exchange in the world.
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23. November 2018 share Facebook Twitter LinkedIn xing mail
it was Only in July of this year, the Gibraltar Stock Exchange (GSX) is based Blockchain, a subsidiary of GBX. As the GBX told via a Medium, granted the Gibraltar stock exchange, supervision, Gibraltar Financial Services Commission, the Blockchain Exchange on 21. November, the regulatory approval.
„This is an important milestone, not only for the GBX, but also for the crypto-Ecosystem in General. It is a significant step in the direction of a safer and more controlled future for the Blockchain industry, the GBX is playing a pioneering role in this“,
it is said in the press release.
investors were able to act before the licensing on the Blockchain, a subsidiary of the Gibraltar Stock Exchange, six different crypto-Assets, including Bitcoin and Ether. Users will be able to swap however, so far only with the Fiat counterpart, the US Dollar. As the GBX communicates plans to the stock exchange, however the speedy extension of the Trading-Pairs:
„In the near future, a greater number of Fiat-Onboarding is also planned options, as well as a more extensive list of exchange pairs.“
For a progressive Integration of crypto-Assets in the traditional financial markets, the licensing is by the stock exchange Supervisory authority, a positive Signal. Finally, institutional investors frequently from the unregulated structure of the crypto-markets scare you. But the Trend is clearly towards a professionalization of these markets. To observe this is on, messages such as the announcement of the crypto-Trading Desk of Fidelity, the BAKKT Bitcoin Futures, and most recently, the approval of a crypto-ETP in Switzerland.
Blockchain-Hub at the southern tip of Europe
That the license could already be six months after applying for grants, is due to the pattern of valid Blockchain-regulation in Gibraltar. The country is ruled as a flagship example of the attraction of the Blockchain-business; finally, the government of the British overseas territory has brought already in the beginning of this year, the Europe-wide most comprehensive Blockchain-regulation. By July 2018, then, 35 companies had advertised in the 34.000 inhabitants of the state for a business license in the small state.