Gibraltar to Launch License Scheme for Blockchain Startups

Gibraltar to Launch License Scheme for Blockchain Startups

The Gibraltar Financial Services Commission (GFSC) plans to create a new a license for startups working with blockchain. According to Reuters , the license would apply to firms transmitting money or assets using blockchain or distributed ledger technology, and would be the first time a nation has formally accepted A role for the tech in transmitting and storing payment data. With blockchain technology still very much in the development phase, and its use cases so varied, many nations are taking a wait-and-see approach to regulation. However, said GFSC head of risk and innovation Nicky Gomez, companies are looking to […]