The Gibraltar Financial Services Commission (GFSC) issued a new registration technology license on July 6, which will be distributed to the Belarus-based cryptocurrency platform Currency.com.
According to the announcement, The platform may use DLT to store or transfer the value owned by others in connection with the provision of concession and custody services thanks to the license granted by the GFSC.
Jonathan Squires, CEO of Currency.com, highlights the company’s intentions for the license:
“Our activities in Gibraltar are part of our commitment to global expansion and provide a secure, highly regulated and blockchain-based service that gives customers the flexibility they have been looking for. The Gibraltar Financial Services Commission is made up of intelligent, knowledgeable people who are at the forefront of regulating complex emerging industries. “
Is Gibraltar a New “Cryptocurrency Access Point”?
Squires praised Gibraltar’s efforts to regulate cryptocurrencies and the country’s rigorous application process for related companies.. He added:
“Our license in Gibraltar is an important confirmation of the platform and continues to confirm that we meet the highest standards and offer our traders the highest level of security.”
Gibraltar has recently taken important steps to regulate the country’s cryptocurrency environment. Some industry players have praised the momentum that is generating Gibraltar and see the country as a new “access point to cryptocurrencies”.