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Gibraltar Crypto License
As of January 2018, a new regulatory framework for Distributed Ledger Technology (dlt) is becoming operational. Companies, that operate in or from Gibraltar within the field of virtual currency exchange are required to apply for dlt License under HM Government of Gibraltar.Timeframe: around 6 months Minimum paid up capital: No specific minimum share capital requirement is mandated fo...
Path: LicensingKnow-hows on Different Legislations and Blockchain Implementation Profitability in Your Business
...u are willing to implement **Blockchain technologies in your business** based in Gibraltar, it is a reasonable idea to wait until January 2018, when the new regulations will come be implemented. Now, the firms that use distributed ledger technology (dlt), are not subject to regulations but next year this will change. Many other countries are planning to implement regulations on Blockchain. For ex...
Path: BlogNovelties for the Blockchain Business and ICOs in Gibraltar
...ltar**. The main financial regulator of this country, Gibraltar Financial Services Commission, announced new obligation for the companies using distributed ledger technology for storing or transferring values that belong to others. Currently, **dlt** is widely known as Blockchain and businessmen with an innovative vision started establishing the firms that use this technology. From now on, **...
Path: BlogVirtual currency draft bill in Gibraltar
**Distributed ledger technology** (dlt), widely known as the **blockchain**, is a stumbling block for many jurisdictions. It is hard to ignore it now due to the fact that dozens of businesses in their activities use virtual technologies and, as a result, virtual currencies. **Gibraltar** is the jurisdiction that, along with the others, starts adding dlt to its scope of regulation. The Gibralt...
Path: BlogGibraltar and Hong Kong plan to work together on the fintech sectors development
...rience and developing innovations in this sector. Official representative of The Gibraltar Financial Service Commission highlighted that **Gibraltar government was the first one to develop a legal regulation for the distributed ledger technology (dlt)**, which is the foundation of most Fintech projects. As of now authorities of both countries will be able to start working together on implementi...
Path: BlogGovernmental digitalization in Malta
Recently the **Parliament of Malta considered three bills on distributed ledger technology**. Simply put, distributed ledger technology (dlt) is widely known as **blockchain technology**. Analyzing the provisions of the aforementioned documents, we can certainly say that the public authorities of Malta have a positive attitude towards the blockchain technology. **Malta government authoritie...
Path: BlogDubai International Financial Center is planning to launch the world's first blockchain court
...y and how it can be implemented, and used to enforce court rulings and separately on the resolution and mitigation of disputes relating to blockchain-enabled agreements. In a few words, **blockchain is distributed ledger technology (also known as dlt) which allowing digital information to be distributed at the highest security level**. Originally developed for the digital currency, dlt technolo...
Path: BlogMalta as the new crypto bay
...ckchain Summit, noted: *“We’re delighted that the timing coincides so perfectly. We’ve always said that we’re here to support the conscious efforts being made at the national level to make Malta the primary jurisdiction for blockchain and dlt. We’re hoping that the Malta Blockchain Summit will serve as a showcase for the ecosystem, and will justify the efforts made by the Maltese gove...
Path: BlogTwo of Malta's blockchain acts came into force
...s it was expected, both of the above-mentioned acts (the Acts) came into force on the 1st November 2018. • **The Innovative Technology Arrangements and Services Act** establishes the framework for registration of auditors and administrators of dlt Platforms and the requirements for certification of the technological agreements. • **The Virtual Financial Assets Act** provides the framewo...
Path: BlogTop 5 crypto-friendly jurisdictions
...NGAPORE** Singapore, an island city-state that is opened to both cryptocurrencies and blockchain. The government and the central bank of the country are chasing a clear blockchain plan with the objective to connect central banks worldwide through dlt (distributed ledger technology). With regards to cryptoregulation, they had long adopted a free-hand policy for crypto business which signific...
Path: BlogCanada is Planning to Restrict Cryptocurrency Short Selling
...ding Platforms last Thursday, looking for input from the fintech community on how regulatory requirements can be developed for cryptocurrency platforms. The regulators highlighted their main concerns at the beginning of the document: ***"Although dlt may provide benefits, global incidents point to crypto assets having heightened risks related to loss and theft as compared to other assets."*** ...
Path: BlogThe UK provides legal certainty for crypto assets and smart contracts
...to the adoption of crypto assets and smart contracts by determining their legal status.** The legal Statement published by the United Kingdom Jurisdiction Taskforce tackles the legal uncertainties concerning the cryptocurrencies, smart contracts and dlt (distributed ledger technology). The document provides regulatory clarity by recognizing crypto assets as tradeable property and smart contrac...
Path: BlogGerman Political Parties raise discussion on implementing Regulation for Crypto Blockchain Industry
...digital awakening.’ **Optimism on Blockchain** However, the coalition still is positive about the current development of blockchain technology, pointing out that investments in artificial intelligence and other distributed ledger technology (dlt) could get incentivized in a forthcoming government. “Building on the measures taken in the last legislative period, we will do everything we ca...
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