Gibraltar has introduced licensing of activities using blockchain technology

Starting since 01 January 2018 all firms conducting business activities in Gibraltar, with the use of blockchain technology for the storage or transmission of values to others must obtain the permission from the Commission of Gibraltar for regulation of financial services market. This means that companies need to obtain a license when carrying out activities with the blockchain.

It should be noted that the Gibraltar financial services market regulatory Commission has developed a program aimed at long-term prospects for blockchain regulation.

When considering an application for a license, the Commission's main objective was to protect Gibraltar's consumer rights and business reputation of Gibraltar. That’s why there are special requirements on the safety of technology and business management systems.

On materials of the following website: http://www.gfsc.gi/dlt