Contact Us

+350 20079000 info@hassans.gi

This data will only be used by Hassans for processing your query and for no other purpose. View our privacy policy
| 1 minute read

Gibraltar as a test bed for future Markets in Crypto Assets compliant business?

The International Association of Trusted Blockchain Applications has recently issued its response to the publication of the draft Markets in Crypto Assets Regulation.  A considered response, it highlights a number of issues it takes with the very substantial and thorough treatment of the crypto assets context in the draft regulation.

One of the key concerns it raises is the potential for such prescriptive regulation to stifle the development of the industry and to effectively close the door to Europe to much of the industry.  Clearly, as a draft which will undergo substantial revision during consultation phases over the next couple of years, this is likely to change substantially.  It is hoped that the very detailed tackling of industry issues might suffer a recalibration better suited to specific market needs and demands.

Gibraltar's regulatory environment, based on the application of nine principles as opposed to tightly drafted requirements, is the kind of environment where blockchain business can thrive - a proof of concept jurisdiction where, perhaps, EU-destined operations can start to develop and hone their product and organisations, ready for en entry into the EU market when MiCA becomes law?  If you want to know how we can help you, get in touch and we'll show you how.

While the proposed regulation is well conceived, some members express concern that it could, in its present form, overburden a young and innovative industry with costly and complex compliance and legal requirements that are disproportionate to the policy objectives it pursues. inatba.org/...

Top-ranked in all practice areas in Legal 500 EMEA 2024

Hassans is pleased to announce that it has once again achieved top tier rankings in all areas covered by Legal 500 EMEA for Gibraltar....

Posted on
Read more

Latest Insights

Upcoming compulsory pensions deadlines for Medium, Small and Micro companies

As many employers will be aware, following the enactment of the Private Sector Pensions Act 2019 (“the Act”), which came into force in...

Posted on
Read more

Ethical Gambling Forum 2024

The Ethical Gambling Forum 2024 was held at the Sunborn Hotel, Gibraltar, last week attended by gambling operators and service providers...

Posted on
Read more

Insurance and Reinsurance Comparative Guide

Hassans' Head of Insurance Yvonne Chu has contributed to Lexology's most recent Panoramic Guide relating to Insurance and Reinsurance. ...

Posted on
Read more