Thread by @PanPeterS5

Well positioned since 2018 thanks to a comprehensive legal framework, Gibraltar is attracting many players in the blockchain and crypto world wishing to get out of the blur by anchoring itself to a clear territory and legislation. @NigelMFeetham @GibraltarGov

Daring, this bet to transform this tip of the peninsula of 6.8 km2 into an international cryptohub could lead to the creation of the first hybrid Stock Exchange in the world.

Through his company @ValereumPLC , @RPoulden is finalising here the creation of the first stock exchange

in the world which will make it possible to invest in traditional assets - stocks, derivatives, currencies... - by paying for them in Bitcoin, Ethereum and maybe even in Dogecoin.
#btc #Ethereum #Dodgecoin

“ With the banking digital exchange, #GSX, the goal is to create the first exchange in the world linking fiat and crypto currencies, which is fully regulated and supported by a respectable government.
#regulation

To foment this financial revolution, Valereum took an option last year that was supposed to allow it to acquire 90% of #GSX, the Gibraltar Stock Exchange. The transaction remains subject to the approval of certain legal aspects – few people doubt the outcome of the operation.

IMO it's a matter of "WHEN" not IF! Since 2018, Gibraltar has made an impressive turn to become a global hub of the cryptocurrency market. And in this context, this Stock Exchange story is just the icing on the cake. With a lot more to follow!

Today, the government's objective is clear: to reproduce this textbook case with cryptocurrencies and the blockchain, and to bring this new sector to a comparable level in the years to come.

“ Over the past four years, the government has established a framework for the regulation and supervision of companies in the DLT on which the blockchain is based. This framework helps provide consumers with a high degree of confidence in cryptocurrency-related activities.

#Gibraltar were the first jurisdiction to act, and we therefore have a first-mover advantage. @gibraltarlaw , they receive a record number of requests – some weeks, almost daily – from operators seeking a regulatory framework.

But again, they are very selective. To date, only 14 companies have obtained a DLT license. »
Always more ambition
Gibraltar can thus boast of having been able to attract some big names in the industry: Huobi, Bullish, Bitso and even Xapo. Xapo.

Precisely, is emblematic of this industry which is developing at breakneck speed.

“ Many cryptocurrency players ask how it's done" The answer is invariable: you have to follow rules laid down by the Gibraltar Financial Services Commission. #GFSC #AQUIS

Many companies sometimes had the impression that it would be impossible, but it is actually a good sign: only the most serious candidates are rewarded. This is what #VLRM is looking to adhere to and ensure a fully regulated exchange!

Gibraltar is now one of the only respected jurisdictions to offer full DLT licenses. The standards are comparable to those of a bank established in the United Kingdom. It commands respect. They are very proud to be one of the few companies to own one of the 14 licenses . »

For @ValereumPLC Gibraltar, is the perfect setting. Thanks to its perfectly bordered and flexible legal framework, and its low corporate tax rate of 12.5%, Gibraltar also attracts major blockchain players less known to the general public.

Because they don't just focus on financial activities, these don't necessarily need the strictest level of #DLT licensing, such as that obtained by Xapo or the Huobi and Bullish exchanges.

These companies seek to tie their business to a territory where the legislation is clear. This is the case of Holo Limited, the company behind Holochain, Mary Camacho, the Managing Director, sums up the feeling that presided over the installation of Holo Limited in Gibraltar:

“As of 2017, a lot of debate about how to view cryptocurrency has taken place in the United States. Holo felt that the trading environment was becoming very uncertain. So they embarked on an extensive research project on jurisdictions where we could install Holo Limited.

From 50 or 60 possibilities at the start, our list has been reduced to three: Liechtenstein, Singapore and Gibraltar. It is the way in which Gibraltar drafted its regulations that convinced us.

The regulatory framework is principles-based. Regulators assume that you are a specific type of business that is dedicated to one type of business – for example operating a cryptocurrency buy-sell platform.

They will identify the aspects of your business that need to be regulated and act accordingly.

And at a time when the birth of the #GSX would throw the missing bridge between fiduciary money & cryptocurrency on the financial markets,

“ Not only does Gibraltar have much more advanced cryptocurrency regulations than the rest of Europe, but today the KYC processes customers

& fight against money laundering are much simpler, more efficient & automated. Where am I going with all this, we'll it's simple... The future of cryptocurrency is regulated. And that is exactly why #VLRM is working with the #GFSC in Gibraltar.

Hope people understand what VLRM is doing hasn't been done before, and it needs to be done correctly... a lot of pressure on the GFSC to get this right with a global focus in this space.

@RPoulden @ @FrontierFinance are focused on establishing the Gibraltar Stock Exchange not only as one of the world's first fully regulated exchanges crossing the digital divide, but also linking into markets not touched by other European exchanges.

Combined with our plans for an NFT platform and listing on another European market, we believe we have the technology and experience to execute our plan and deliver value for shareholders." #NFT #btc #blockchainbridge #adoption #DLT #Defi #crypto @DavidLenigas #cryptonews #ETH