The Gibraltar Financial Services Commission has overhauled seven of its nine guiding principles on which the regulatory framework is based.
The Gibraltar financial services regulator has warned against four trading platforms that offer digital currency trading and falsely claim to be regulated.
Firms were welcome to issue tokens under license of Gibraltar, subject to rules which consider all token issues to be a form of security issue.
Blockchain firms operating in the UK-owned territory are going to have to comply with new regulations to continue to operate.
Gibraltar’s financial regulator has licensed B21 crypto trading app, the first license of its kind in the country.
The award of the license follows a grueling 15-month process, during which Quedex has been liaising closely with regulators in Gibraltar.