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27 September 2020

Gibraltar refreshes jurisdiction’s distributed ledger technology regulation » CryptoNinjas

Gibraltar refreshes jurisdiction’s distributed ledger technology regulation » CryptoNinjas


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The Gibraltar Financial Services Commission (GFSC) has today announced a number of important updates to the jurisdiction’s bespoke Distributed Ledger Technology Providers (DLT) regulatory framework Guidance Notes.

As well as offering further clarity on key areas, the amended guidance notes also update the risk framework to distinguish between virtual assets and virtual asset denominated instruments that are arguably higher risk, and require additional factors or onboarding tests to be considered.

Gibraltar’s Minister for Digital and Financial Services, the Hon Albert Isola MP, said, “Today marks another milestone moment for Gibraltar’s thriving DLT/VASP ecosystem, as we refine the regulatory framework that guides companies through the licensing process and beyond.

For further information on Gibraltar’s DLT regulatory framework and the revised guidance notes, visit gfsc.gi/dlt.

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