The UK Overseas Territory of launched its Gibraltar Blockchain Exchange (GBX) July 23, a confirmed, opening up trading.
The GBX was first by the Gibraltar Stock Exchange at BlockShow Asia conference in November 2017
GBX, which will ultimately function as a multifaceted and ecosystem, currently offers three crypto-to-fiat pairs: bitcoin (), Ethereum () and its own Rock (RKT) token to USD. CEO Nick Cowan commented in the release:
“The launch comes at a time when the cryptocurrency and token markets are reaching a new stage of maturity.”
The move preempts Gibraltar’s to enact formal ICO regulations which could open up the tiny peninsula to a host of ICO activity.
In March, GBX it had already received interest from around 200 ICO operators, a number almost equal to the entire ICO cohort of 2017.
Gibraltar has also been active in regulation, with the Gibraltar Financial Services Commission (GFSC) in December what it described as “the first instance of a purpose-built legislative framework for businesses” which are “craving” regulatory support.
Published at Tue, 24 Jul 2018 14:53:00 +0000
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