The Gibraltar Stock Exchange has now achieved something that was previously only possible in Japan. The stock exchange received approval from the responsible financial supervisory authority to open a blockchain exchange.
First blockchain stock exchange license is considered an important signal for other operators
The announcement deserves attention precisely because the company’s new Gibraltar Blockchain Exchange (GBX) is the first marketplace with official state regulation for crypto trading on the stock exchange. The fact that this particular location is outside Asia is, in a certain sense, obvious. For years, Gibraltar has been an important playground for other sectors of the financial world and the gambling market. There is a reason why it took until this year for regulations and licensing to finally come into effect for trading assets in which distribution and transactions are handled via block chains. Only since the beginning of 2018 have the necessary regulatory provisions been in force on the part of the state. The Gibraltar Block Exchange (GSE) has now announced that it has finally obtained the license to operate the exchange from the responsible financial regulator.
The new platform is intended to appeal to institutional investors in particular, who often attach great importance to clear framework conditions for the supervision of the business models and platforms.
ICOs are only the first step for new transaction models
The licensing by the GFSC – the Gibraltar Financial Services Commission – finally brings greater recognition to the blockchain as a technology for payment processing. Gibraltar is generally regarded as a very well regulated financial centre.