Gibraltar Extends Regulatory Guidelines For Digital Asset Exchanges

As warnings intensify for the regulation of digital assets across the UK and Europe, Gibraltar is adding to its already regulated digital ledger technology (DLT) framework with the development of a '10th Core Principle', specifically for digital asset exchanges.

Joey Garcia, a partner at the international law firm ISOLAS LLP, who also sits on the boards of the Xapo and IOV Labs (RSK) groups , has brought together members of the Global Blockchain Convergence which include several other global leaders in the blockchain and emerging technology space to form a working group for the development of the new framework, ensuring it meets appropriate defined market standards.

The Market Integrity working group have combined to ensure that the added regulation meets the global market standards for exchanges and other marketplace platforms, while also considering recently defined standards set by the EU and other international bodies.