Gibraltar Set to Become the First Jurisdiction with a Regulated ICO Market

[kreslik.news]

The British overseas territory of Gibraltar is planning to regulate the booming ICO market by setting guidelines on how to operate a blockchain business, thus becoming world’s first jurisdiction with a fully regulated initial coin offering exchange.

Gibraltar’s Financial Services Commission published its draft in early October and is also planning to make the regulatory rules effective from January 2018.

Speaking to the Gibraltar Chronicle after the release of the initial draft, Gibraltar’s Minister for Commerce, Albert Isola, said: “I am delighted and excited in equal measure to publish this legislation today, after an extended period of thinking, consultation and review with ... (read more)