The UK Overseas Territory of Gibraltar released its Gibraltar Blockchain Exchange (GBX) July 23, an official statement affirmed, opening up digital money trading.
The GBX was first declared by the Gibraltar Stock Exchange at BlockShow Asia meeting in November 2017
GBX, which will at last function as a multifaceted ICO and trading ecosystem, presently offers three crypto-to-fiat sets: Bitcoin (BTC), Ethereum (ETH) and its own Rock (RKT) token to USD. Chief Nick Cowan remarked in the release:
“The launch comes at a time when the cryptocurrency and token markets are reaching a new stage of maturity.”
The move seizes Gibraltar’s intends to institute formal ICO controls which could open up the little peninsula to a large group of ICO action.
In March, GBX asserted it had effectively gotten enthusiasm from around 200 ICO operators, a number relatively equivalent to the whole ICO associate of 2017.
Gibraltar has also been dynamic in blockchain regulation, with the Gibraltar Financial Services Commission (GFSC) in December declaring what it portrayed as the first instance of a purpose-built legislative framework for businesses” which are “craving” regulatory support.