The UK Overseas Territory of Gibraltar[1] launched its Gibraltar Blockchain Exchange (GBX) July 23, a press release[2] confirmed, opening up cryptocurrency[3] trading.
The GBX was first announced[4] by the Gibraltar Stock Exchange at BlockShow Asia conference in November 2017
GBX, which will ultimately function as a multifaceted ICO[5] and trading[6] ecosystem, currently offers three crypto-to-fiat pairs: Bitcoin (BTC[7]), Ethereum (ETH[8]) and its own Rock (RKT) token to USD. CEO Nick Cowan commented in the release:
“The launch comes at a time when the cryptocurrency and token markets are reaching a new stage of maturity.”
The move preempts Gibraltar’s plans[9] to enact formal ICO regulations which could open up the tiny peninsula to a host of ICO activity.
In March, GBX claimed[10] it had already received interest from around 200 ICO operators, a number almost equal to the entire ICO cohort of 2017.
Gibraltar has also been active in blockchain[11] regulation, with the Gibraltar Financial Services Commission (GFSC) in December announcing[12] what it described as “the first instance of a purpose-built legislative framework for businesses” which are “craving” regulatory support.
References
- ^ Gibraltar (cointelegraph.com)
- ^ press release (gbx.gi)
- ^ cryptocurrency (cointelegraph.com)
- ^ announced (cointelegraph.com)
- ^ ICO (cointelegraph.com)
- ^ trading (cointelegraph.com)
- ^ BTC (cointelegraph.com)
- ^ ETH (cointelegraph.com)
- ^ plans (cointelegraph.com)
- ^ claimed (cointelegraph.com)
- ^ blockchain
