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The Gibraltar Blockchain Exchange (GBX) was licensed by the Gibraltar Financial Services Commission (GFSC), according to a corporate blog on November 22nd.
The GBX was established in July this year by the Gibraltar Stock Exchange (GSX). The platform announced for the first time its blockchain trading platform in November 2017, with the goal of "becoming the first market and ecosystem of digital assets regulated at national level".
"Beginning November 21, 2018, GBX will operate as a licensed supplier of Distributed Ledger Technology (DLT), governed by the Gibraltar Financial Services Commission pursuant to the DLT 2018 Financial Services of Gibraltar," reads the announcement .
According to the statement, the move makes the GSX the first regulated stock exchange to own and operate a regulated blockchain bag.
Currently, the GBX supports trading in six digital assets, including Bitcoin (BTC), Ethereum (ETH) and the native Rock token (RKT) of the exchange, with plans to add additional fiat currency onboarding options, in addition to the & # 39; USD, "in the near future."
Gibraltar is known for its drive to develop a blockchain and cryptocurrency environment. In February, the Government of Gibraltar and the GFSC announced the creation of a draft law that will govern the Initial Coin Offerings (ICOs) in the British overseas territory.
One of the main aspects of the ICO standards of Gibraltar is the introduction of the concept of "authorized sponsors", which should be "responsible for ensuring compliance with the rules of disclosure and financial crime".
In March, prior to the planned launch of the GBX, Gibraltar had attracted "200" ICO potentials, reflecting "the enormous" interest in the launch of token sales in the new regulated ICO environment.
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