29.04.2020. Gibraltar plans to tighten regulation of cryptocurrencies

Company News

Gibraltar was a pioneer in adopting and regulating blockchain technology.
In 2018 the Gibraltar Stock Exchange became the first stock exchange in the world to own a regulated blockchain exchange when it was granted a full licence from the Gibraltar Financial Services Commission.
Now Gibraltar is planning to introduce new regulations to further safeguard the digital coin sector and curb market manipulation.
The new guidelines are specifically designed to eliminate the possibility of market manipulation, which is many in the industry say is still being carried out by cryptocurrency firms and blockchain companies.
Gibraltar is also working to develop a platform to address some of the issues raised by the Financial Action Task Force in a recent review of Gibraltar’s financial sector regulations.