Cryptocurrency exchange Gibraltar Blockchain Exchange (GBX), which is the umbrella organization of Gibraltar stock exchange (GSX), received a license from the financial services Commission of Gibraltar (GFSC) to trade in digital assets.
Cryptocurrency platform started to operate last July, although the intention to run it stock exchange announced in November last year. The intent of the founders, GBX should become the world’s first national regulated trading platform for digital assets.
“From 21 November 2018, the GBX working as a licensed company, providing services based on the technology of distributed registry (DLT). It is regulated by the financial services Commission of Gibraltar on the basis of the regulations for DLT from 2018,” — said in a statement, cryptocurrency exchanges.
While on the GBX stock exchange available for trading six assets: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and the native token of the platform Rock (RKT). In the near future, the exchange plans to add other crypto currency trading pairs with other Fiat currencies besides the us dollar.
Gibraltar is known for its favourable legal situation in relation to cryptocurrency and blockchain industry. In the beginning of the year the Gibraltar government, together with the financial services Commission introduced a bill regulating campaign for the initial placement of coins (ICO). Themselves the legislators called him “the world’s first legal position at the ICO”. One of the main aspects of this bill is the concept of “authorized sponsors” — special individuals whose responsibilities include clarification and enforcement of financial crimes. By March, thanks to the clear and transparent regulation of the sector, Gibraltar has been able to attract about 200 projects seeking to enjoy ICO.
Recall that last summer about plans to start cryptocurrency trading announced the leading stock exchanges in Switzerland. Start trading platform for licenzirovanie assets scheduled for mid-2019.