DLT Regulation in Gibraltar – The Nine Principals

DLT Regulation Gibraltar

As of January 1st 2018, Gibraltar’s widely-publicised regulations on Distributed Ledger Technology came into effect, bringing some much-welcomed regulatory oversight to the DLT and crypto sphere.

This ground-breaking piece of legislation is a milestone for the crypto industry and has already started attracting interest from both investors and DLT operators throughout the world.

While drafting the legislation the regulators decided to opt for a “light touch” approach; providing solid regulatory oversight while, at the same time, being ever-mindful of the need for continued innovation in the fast-moving crypto space. Underpinning this regulatory approach are the Nine Core Principals of Gibraltar’s DLT regulation:

  1. Honesty and Integrity
  2. Customer Care
  3. Resources
  4. Risk Management
  5. Protection of Client Assets
  6. Corporate Governance
  7. Cyber Security
  8. Financial Crime
  9. Resilience

Hassans’ FinTech Team

The Hassans’ FinTech Team is able to provide expert legal and regulatory advice in the blockchain and crypto space and we remain poised to play our part in this globally transformative technology. Our team is comprised of practitioners with backgrounds in financial services, corporate and commercial law, tax and funds. We are therefore well positioned and suited to advise and guide crypto businesses through the regulatory hurdles in order to setup companies that will be licenced by a reputable regulator in a well-respected jurisdiction.