Gibraltar Regulatory Authority Licenses Belarusian Crypt Coin Platform

 

The Gibraltar Financial Services Commission, or GFSC, issued a new license for registration technology distributed to the Belarus-based cryptomoney platform, Currency.com, on July 6.

According to the announcement, the platform will be allowed to use DLT to store or transmit value belonging to others in connection with the provision of licensee and custody services under the license granted by the GFSC.

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Jonathan Squires, CEO of Currency.com, shed some light on the company’s intentions for the license:

„Our operations in Gibraltar are part of our commitment to expand around the world, offering a secure, highly regulated and blockchain backed service designed to give clients the flexibility they have been looking for. The Gibraltar Financial Services Commission is made up of intelligent and knowledgeable people who are at the forefront of regulating difficult emerging industries“.

Gibraltar Stock Exchange subsidiary partners with tokenisation platform.

Is Gibraltar a new „access point to cryptomonies“?

Squires praised Gibraltar’s efforts to regulate cryptomonies and the nation’s strict application process for companies related to them. He added:

Gibraltar Blockchain Exchange secures its crypto assets with local agency
„Our Gibraltar license is an important endorsement for the platform and further confirms our adherence to the highest standards, providing the highest level of security for our traders“.

Gibraltar has recently taken significant steps to regulate the crypto currency environment within the country. Some industry players have praised the momentum that Gibraltar is generating and see the country as a new „access point to crypto currency“.