December 15, 2017
Developments in blockchain technology have taken a leap to a whole new level – the first license for FinTech firms using blockchain distributed ledger technology has been introduced by Gibraltar’s financial services watchdog. From whitepapers, to PoC, to real-world applications and deployments, blockchain-focused startups now have a place in the official books.
Gibraltar’s financial services watchdog will introduce the world’s first license for FinTech firms using blockchain distributed ledger technology from next month in a bid to attract startups to the British overseas territory as it prepares for Brexit.
The Gibraltar Financial Services Commission (GFSC) will publish the guidelines on Friday for applying its new law for firms that use blockchain to transmit or store cash and assets belonging to others – much in the same way as a bank is authorized. ...