As from 21st November 2018, the GBX will operate as a fully licenced provider of Distributed Ledger Technology (DLT), regulated by the Gibraltar Financial Services Commission under Gibraltar’s Financial Services Regulations 2018 DLT framework.

This represents a significant milestone, not only for the GBX, but for crypto and exchanges worldwide. It is a significant move towards a more secure and regulated future for the blockchain industry, with the GBX at the forefront, leading the way in a bid to continually raise standards in crypto.

Drawing on the knowledge, experience, and expertise of the Gibraltar Stock Exchange (GSX), an EU-regulated stock exchange, the GBX offers users an institutional-grade token sale platform and digital asset exchange, built on the best practices and highest industry standards, gained from its parent company, the GSX. This represents the first stock

exchange to own and operate a regulated blockchain exchange.

The news of the licence award makes the Gibraltar Stock Exchange the first regulated stock

exchange group to also own and run a regulated blockchain exchange. It is a ‘world first’ of

huge significance. Nick Cowan, CEO of the Gibraltar Blockchain Exchange said:

“Securing authorisation as a DLT provider here in Gibraltar is affirmation of our tireless

efforts to position the GBX among the premiere Digital Asset Exchanges globally. Today’s

announcement renews our ambition to create a world-leading, institutional-grade token sale

platform and Digital Asset Exchange. We’re incredibly excited to build on this wave of

momentum following our full-scale public launch in August.”

Attaining a full DLT licence caps a significant phase of sustained progress for the GBX,

which includes the full-scale public launch of the token sale platform (GBX-GRID) in April

2018, and the subsequent launch of the secondary market platform, the Digital Asset

Exchange (GBX-DAX) in July.

The GBX-DAX offers users unique features, currently

including USD fiat onboarding as well as multiple USD trading pairs. In the near future, there

are also plans to offer a greater number of fiat currency onboarding options, as well as a

more extensive list of trading pairs.

As a DLT licence-holder, the GBX is now in a stronger position than ever before as a

blockchain exchange. This landmark announcement will doubtless provide an even greater

springboard for future developments across the GSX-GBX ecosystem.

The DLT regulatory framework, implemented in January 2018, positioned Gibraltar as the

leading hub for blockchain technology in Europe. Licensees are overseen by the regulator in

Gibraltar, the Gibraltar Financial Services Commission (GFSC).

“Gibraltar has found the right blend of sensible and supportive regulation, which has helped

position the jurisdiction as a lodestar for the global cryptocurrency space, while allowing

blockchain companies to flourish. Gibraltar’s emergence as a leading crypto hub hasn’t happened as a result of rushed regulatory action, but rather a methodical, considered

approach. Crucially, here in Gibraltar, there has been a realisation that the pursuit of innovation should never come at the expense of sustainability and long-term development. I

look forward to seeing this trend continue in the months and years ahead,” added Nick Cowan, CEO of GBX.

The future for the GBX continues to be driven by our mission to create an institutional-grade token sale platform and Digital Asset Exchange. All the hard work, best practices and processes implemented, brought us to this point.

“This licence means a great deal to the entire GBX community, not least our users. From the

very beginning we have sought to build a platform defined by stringent regulatory safeguards

and effective risk-based controls, while promoting the sensible and sustainable development

of the industry. Today’s authorisation is an endorsement of this long held position and

evidence of the hard work put in up to this point,” continued Cowan.

For more information on the DLT regulations in Gibraltar, please visit the GFSC website.

To find out more about GBX, visit:

Website: https://gbx.gi

Medium: https://medium.com/@Gibraltar.Blockchain.Exchange

LinkedIn: https://www.linkedin.com/company/18286558/

Facebook: https://www.facebook.com/GibBlockEx/

Twitter: https://twitter.com/GibBlockEx

Telegram: https://t.me/GBXCommunity

Reddit: https://www.reddit.com/r/GBXCommunity/

BitcoinTalk: https://bitcointalk.org/index.php?topic=2684176.msg27421066 — msg27421066

YouTube: https://www.youtube.com/c/GibraltarBlockchainExchange