{"id":28817,"date":"2020-09-17T15:39:58","date_gmt":"2020-09-17T12:39:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28817"},"modified":"2025-08-27T13:33:27","modified_gmt":"2025-08-27T10:33:27","slug":"gibraltar-updates-licensing-rules-for-blockchain-companies","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/gibraltar-updates-licensing-rules-for-blockchain-companies\/","title":{"rendered":"Gibraltar updates licensing rules for blockchain companies"},"content":{"rendered":"<p>The Gibraltar Financial Services Commission (GFSC) updated its guidance for blockchain companies in line with FATF recommendations, as <a href=\"https:\/\/www.fsc.gi\/news\/gfsc-publish-updated-dlt-guidance-notes-380\" target=\"_blank\" rel=\"noopener noreferrer\">stated<\/a> in a press release.<!--more--><\/p>\n<p>GFSC amended seven of the nine points of the <a href=\"https:\/\/www.fsc.gi\/dlt\">regulations<\/a> on licensing blockchain companies. The package of amendments clarifies token issuance and includes a risk-management framework.<\/p>\n<p>The Commission believes that the updated rules reflect the \u201cnatural evolution of certain regulatory principles.\u201d The Minister for Digital and Financial Services of the country, Albert Isola, described the decision as an important step in developing the regulatory framework for blockchain companies.<\/p>\n<blockquote>\n<p>\u201cThis is also an important milestone in the evolution of our rules, as we begin to operate in ongoing compliance with FATF requirements,\u201d the minister said.<\/p>\n<\/blockquote>\n<p>The licensing rules for Gibraltar&#8217;s blockchain companies took effect on 1 January 2018. They apply to all forms of commercial use of distributed ledger technology as a means of storing and transferring value.<\/p>\n<p>In July 2020, the authorities of Gibraltar issued a license to the cryptocurrency exchange Currency.com. Earlier, a license to provide services was granted to the Huobi trading platform.<\/p>\n<p>Subscribe to the ForkLog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Gibraltar Financial Services Commission (GFSC) updated its guidance for blockchain companies in line with FATF recommendations. The update is described in a press release.<\/p>\n","protected":false},"author":1,"featured_media":28818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1944,36],"class_list":["post-28817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-gibraltar","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/28817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=28817"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/28817\/revisions"}],"predecessor-version":[{"id":28819,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/28817\/revisions\/28819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/28818"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=28817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=28817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=28817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}