Tagged: gibraltar financial services commission

Fintech Bitfrost Secures VASP Registration in Gibraltar

Bitfrost, the fintech ecosystem that supports financial institutions in their adoption and management of digital assets, announced its successful registration “as a Virtual Assets Service Provider (VASP) with the Gibraltar Financial Services Commission (GFSC).” Now, Bitfrost can “provide clients with access to fiat-to-crypto, crypto-to-fiat and… Read More

Gibraltar Adds New Digital Asset Legislation, Aims to Set Standard on “Market Integrity”

HM Government of Gibraltar has published new regulations aiming to set a standard for market integrity in the digital asset sector.  The goal is to the prevention of market manipulation and insider trading as well as additional disclosure and outlined trading standards. According to a… Read More

Lendingblock Unveils New Boost Tier Requirements, Bronze Starts at 413,095 LND

Digital asset lending infrastructure developer Lendingblock this week released new requirements for their LND Boost tiers. They are effective Dec. 1. Boost tiers are staking devices that come with rewards, with greater benefits coming with the higher levels. They include higher earned interest rates and… Read More

Greengage Strengthens Senior Leadership Team with Appointment of Brennan Elliott-Jones as CFO

Greengage announced that it has strengthened its senior leadership team with the appointment of a new Chief Financial Officer. The company has hired former Starling Bank Head of Finance, Brennan Elliott-Jones, in order to accelerates growth of its Gibraltar business operations. Greengage, which intends to… Read More

Greengage Global Holding Ltd, a UK Registered Firm, Receives Additional Institutional Investment

Greengage Global Holding Ltd, a UK registered firm, which intends to serve as the very first digital merchant bank through its wholly owned Gibraltar subsidiary, Greengage & Co. Ltd, reveals that it has acquired another institutional investment, along with its £2.5 million investment from IOVLabs…. Read More

Gibraltar Updates DLT Regulation to “Capture a Natural Evolution” of Digital Assets

The Gibraltar Financial Services Commission (GFSC) reports that it is updating its regulatory approach pertaining to Distributed Ledger Technology Providers (DLT). Gibraltar describes the update as a “natural evolution of the defined regulatory principles.” Gibraltar was quick to embrace digital assets – both securities and cryptocurrencies…. Read More

Digital Asset Platform Currency.com has Reportedly been Awarded a New DLT License by Gibraltar’s Financial Services Commission

Currency.com, a regulated digital assets platform, has reportedly been awarded a new distributed ledger technology (DLT) license by the Gibraltar Financial Services Commission (GFSC). As mentioned in a release shared with Crowdfund Insider: “The license allows [Currency.com] to use DLT for storing or transmitting value… Read More

Gibraltar Financial Services Commission Issues Warning Against Fraudulent Cryptocurrency Websites Misleading Investors by Claiming they’re Authorized to Offer Financial Services

On June 5, 2020, the Gibraltar Financial Services Commission (GFSC) issued four separate warning messages regarding fraudulent cryptocurrency-related websites that claim they have been authorized to offer services in the British Overseas Territory. Gibraltar’s authorities noted that the following domains are not licensed by the… Read More

Digital Asset Derivatives Platform ZUBR Receives “In Principle” Approval from the Gibraltar Financial Services Commission

ZUBR, a digital asset platform to arbitrage using derivatives, has received “in-principle” approval from the Gibraltar Financial Services Commission (GFSC) to be authorized as a Distributed Ledger Technology (DLT) provider. ZUBR targets a more sophisticated user that may use algorithmic trading. ZUBR’s client-base is said to… Read More

B21 Receives DLT License in Gibraltar, First Regulated App for Digital Assets

B21 has been granted a DLT license, in principle, from the Gibraltar Financial Services Commission (GFSC). B21 is a developer of an App to purchase, trade and manage digital assets, according to a release. B21 is now the first regulated cryptocurrency investment app. The app… Read More

Institutional Platform Lendingblock Receives DLT License in Gibraltar as it Preps for Launch

Lendingblock, a platform that enables fully collateralized crypto vs crypto lending agreements, has received a Distributed Ledger Technology (DLT) provider license from the Gibraltar Financial Services Commission (GFSC). Lendingblock received an in-principle DLT license in late 2018. By providing collateralized borrowing and lending, Lendingblock can… Read More

Bitso is the First Latin America Company to Receive DLT License in Gibraltar

Bitso, cryptocurrency platform in Mexico that claims one million users, has become the first Latin America company to be fully licensed as a Distributed Ledger Technology (DLT) Provider in Gibraltar. Bitso will now operate within a regulated environment thus ensuring custody, withdrawals, and trading of… Read More

Institutional Crypto Exchange LMAX Receives Gilbraltar DLT License Aided by Isolas

Institutional cryptocurrency exchange LMAX Digital has been approved for a full Distributed Ledger Technology (DLT) License by the Gibraltar Financial Services Commission (GFSC). LMAX was advised by the law firm Isolas in the licensing process. Receiving a DLT License from Gibraltar requires attestation of robust… Read More

XRP on GBX-DAX: Gibraltar Blockchain Exchange Founder Nick Cowan & Ripple CEO Brad Garlinghouse Comment

The Gibraltar Blockchain Exchange (GBX), an institutional-grade, regulated and insured token sale platform and digital asset exchange, has added Ripple (XRP) to its Digital Asset Exchange (GBX-DAX), an exchange created with the high expectations of professional crypto-traders in mind. “Ripple is a major player within… Read More

Gibralter Fines WaveCrest Prepaid Crypto Card Company $315 000 for AML/CFT Failings

Gibralter, an, “Offshore tax haven…not exactly known for (its) punctiliousness in punishing companies offering below-board services,” has fined the pre-paid cryptocurrency card provider Wavecrest about $315 000 for “serious” problems with its anti-money laundering/anti-terrorist finance controls, Financial Times Alphaville (FTA) reports. According to FTA, WaveCrest…”once did big… Read More

Lendingblock Receives In-Principle Licence as DLT Provider in Gibraltar

Securities lending platform for digital assets Lendingblock has issued a statement indicating that the Gibraltar Financial Services Commission (GFSC) has made an in-principle decision to grant the firm authorization as a Distributed Ledger Technology (DLT) provider. Lendingblock adds that it continues to work closely with the GFSC… Read More

Gibraltar Financial Services Commission Issues Full License to Gibraltar Blockchain Exchange

The Gibraltar Financial Services Commission (GFSC) has approved a full license to the Gibraltar Blockchain Exchange (GBX) under Gibraltar’s Financial Services Regulations 2018 DLT [distributed ledger technology] framework. GBX is a subsidiary of the Gibraltar Stock Exchange Group (GSX Group). GSX now claims to be the first… Read More

GFSC Veteran David Parody to Lead Gibraltar Association for New Technologies & Boost Public Trust in Expanding Blockchain Ecosystem

HM Government of Gibraltar has launched of the Gibraltar Association for New Technologies (GANT), a trade association that aims to drive forward Gibraltar’s innovative approach to Distributed Ledger Technology (DLT). The association seeks to establish formal lines of communication between policy makers and the private… Read More

Gibraltar Update: Coinfloor Bitcoin Exchange Issued DLT-License & New Tech Classes at Uni

According to the GFSC, Gibraltar “is committed to being a sound and safe place to do business with and is considering a complementary regulatory framework covering the promotion and sale of tokens, aligned with the DLT framework.” As expected, crypto platforms are taking advantage the… Read More

Gibraltar’s Blockchain Regulatory Framework is Now in Effect

The Gibraltar Financial Services Commission (GFSC) has announced that its Blockchain, or Distributed Ledger Technology (DLT), is in effect as of January 1, 2018. Firms using Blockchain to transmit or store value, regardless of the service, must be licensed by the GFSC. Nicky Gomez, Head… Read More

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