Gibraltar Stock Exchange’s Blockchain Trading Platform is now a fully licenced provider of Distributed Ledger Technology
On November 22, 2018, The Gibraltar Blockchain Exchange (GBX) informed in the blog post that it has got a license from the Gibraltar Financial Services Commission (GFSC).
The GBX was created in July 2018 by the Gibraltar Stock Exchange (GSX). The aim of the platform creation is to “become the world’s first nationally regulated digital asset marketplace and ecosystem.” Starting from November 21, 2018, the GBX will function as a completely licensed provider of Distributed Ledger Technology (DLT), regulated by the Gibraltar Financial Services Commission under Gibraltar’s Financial Services Regulations 2018 DLT framework.
That makes the GSX the first regulated stock. Now the GBX supports trading in six digital assets, including Bitcoin, Ethereum, and the exchange’s own Rock token.
Gibraltar is known for its intentions to develop a digital currency and blockchain-friendly environment. In February, Gibraltar’s government and the GFSC announced the creation of a draft bill that will regulate Initial Coin Offerings (ICOs) in the British overseas territory. By March 2018, Gibraltar had attracted “200” prospective ICOs, that shows strong interest in launching token sales under the territory’s newly regulated ICO environment.