Lately, cryptocurrency and blockchain technology has attracted a lot of attention from European countries. Gibraltar, in particular, is a country which has publicly announced its intentions of presenting itself as a forerunner in this world, however, by no means would it be easy to do so. The Gibraltar Blockchain Exchange aims at creating a positive impact in this area.
Currently, no one can deny that Europe is a hotbed for cryptocurrency and blockchain activities. Different nations are inviting organizations to work with blockchain enterprises, in order to explore the potential and flexibility of the innovative technology.
Both Malta and Switzerland have made a ton of positive headlines in this sector. Binance as of late setup shop in Malta, while Switzerland has been revealed as the preferred European country by Bitmain.
Positive regulation would enable these industries to thrive in the near future. As per reports it now looks like Gibraltar all set to make another big impact in the blockchain world.
Although the country has been pretty open-minded towards cryptocurrencies for quite some time now, there is always room for improvement. In spite of the fact that the nation has been entirely liberal toward cryptocurrencies for a long while now, there is still a lot of room for improvement. The Gibraltar Blockchain Exchange is just a gist of how things can be developed in the future.
All the more particularly, the subsidiary of the Gibraltar Stock Exchange aims to become one of the first, if not the first regulated and authorized token sale platform and advanced resource exchange worked by an EU-regulated stock exchange. This will convey way more legitimacy to the GBX itself, and in addition, bring positive regards for both cryptocurrencies as well as blockchain innovation in the near future.
The fact that the Gibraltar Blockchain Exchange reaps huge benefits from the small nation’s dynamic and coordinated regulatory framework makes it all the more appealing.
Earlier in January 2018 an official DLT Regulatory Framework was formed and is in effect even in today’s date.
Any company in Gibraltar which utilizes the blockchain technology to store and transmit value has to undergo regulations in the country by default. This move further proves Gibraltar’s cautious approach cements its role in the world of blockchain technology.
Now that the Gibraltar Blockchain Exchange is also concentrating its attention on cryptocurrency, it would be quite exciting to see the outcome of this.
As of now, the GBX would continue to work with industry experts, regulators, and significant stakeholders, as stated by various reports. Looking at Gibraltar’s rigorous efforts of presenting itself as a positive trendsetter, it would not be long till other European Nations will also take a step forward in this direction.