In line the company’s recent official web blog post, the GBX Exchange [Gibraltar Blockchain Exchange] has secured a license from the Gibraltar Financial Services Commission [GFSC].
The GBX was established earlier in the month ofJuly this year by theGibraltarstock exchange[GSX]. The platforminitiallyproclaimedits blockchaincommerceplatform earlier in the month of July 2017,focusing to“become the world’sfirstacross the nationregulated digitalassetsmarketplace.”
The official announcement from the company further adds:
“As from21st Nov.2018, the GBXwould beoperating asa totallyauthorizedsupplierof Distributed Ledger Technology [DLT], regulated by theGibraltarFinancialServices CommissionunderneathGibraltar’s Financial Serviceslaws2018 DLT framework.”
In line with the statement, the move makes the GSXthe primaryregulatedexchangeto possessand operates a regulated blockchain exchange.
Presently the GBX supportscommercein six digital assets,which includeBitcoin [BTC], Ethereum [ETH],along with the exchange’s native Rock [RKT] token, with plansto featureadditionalfiatcurrency onboardingchoices,additionallyto USD, “in themere comingfuture.”
Gibraltaris believedfor its push to develop a blockchain and cryptocurrency-friendlyphase. Earlier inFeb, Gibraltar’s governmentalong with theGFSCproclaimedthe creation of a draft lawthat mayregulate Initial Coin Offerings [ICOs]within theBritish overseas territory.
One of the principal aspects of Gibraltar’s ICOlawsis claimedto be the introduction of theconceptionof “authorized sponsors,”who arealleged tobe “responsible forreassuringcompliance withdisclosure actandfinancialcrime rules.”
By March –prior tothe planned launch of the GBX –Gibraltarhad attracted “200” prospective ICOs,thatmirrored “huge” interest in launching token salesunderneaththe territory’srecentlyregulated ICOphase.