Govt publishes draft for landmark fintech legislation

Govt publishes draft for landmark fintech legislation

The Gibraltar Government has published draft legislation that will place the Rock at the forefront of regulation in a burgeoning technology-driven sector of the global financial services industry. The draft Bill and accompanying regulations set out a regulatory framework for companies providing services reliant on distributed ledger technology. Once approved by Parliament, Gibraltar will become the first jurisdiction in the world to provide a regulatory framework for the technology underpinning many new tech-driven financial services, including crypto currencies. Publication of this Bill and regulations is “a key milestone” in a process that commenced in 2014 with the creation of […]