Gibraltar And The Blockchain Revolution-"Being Disruptive"​

In July 2017's edition of Offshore Investment Andrew Radnear wrote on "cyber insecurity". In it he gave a succinct description of cyber currencies, blockchain and distributed ledger technology (DLT). There is therefore no need to repeat such a description here. Andrew also wrote of some of the risks, not least in respect of money laundering. As a supplement to what he wrote, this article sets out the approach taken by one jurisdiction, Gibraltar, in respect of this growing area and seeks to explain why Gibraltar (like Switzerland and Singapore) is making significant inroads into becoming a hub for these activities.

At the end of July this year, GSX Group, which operates the Gibraltar Stock Exchange, announced a significant new shareholder, Cyberhub Fintech Holdings Limited, so giving Cyberhub a strategic ownership stake of the share capital of GSX.  This deal took GSX a massive step forward in its aim become one of the world's first regulated exchanges to fully