Gibraltar rolls out new virtual asset regulation to combat market abuse
The document will require crypto companies to seek and prevent insider trading and market manipulation. The British overseas territory of Gibraltar introduced a new regulatory package for distributed ledger technology (DLT) service providers. The document elaborates on the responsibilities of crypto businesses in regards to threats of market manipulation and insider trading. On April 27, the government of Gibraltar published the 10th Regulatory Principle of the country's financial services regulation. The details are revealed in a Guidance Note, provided by the Gibraltar Financial Services....
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Gibraltar has welcomed Europe’s first regulated Bitcoin product in the form of Bitcoin exchange-traded instrument (ETI) BitcoinETI, which will shortly debut on the Gibraltar Stock Exchange (GSX) and Germany’s Deutsche Börse. Gibraltar’s EU-Regulated Bitcoin Asset. BitcoinETI, which received approval for admission to both exchanges Friday, is an....
BitcoinETI, an asset-backed Exchange Traded Instrument that exclusively invested in bitcoin will be included in the Gibraltar Stock Exchange under the ticker BTCETI. In an announcement today, the Gibraltar Stock Exchange (GSX) has revealed its addition of BitcoinETI, a bitcoin-centric Exchange Traded Instrument (ETI). The stock exchange states that the asset-backed ETI’s inclusion will be the first European regulated product for the cryptocurrency. Bitcoin will be the underlying asset backing the Exchange Traded Instrument and the inclusion of BitcoinETI will now enable asset managers and....
An asset-backed Exchange Traded Instrument which has invested exclusively in Bitcoin, BitcoinETI, has become the first European regulated product for the leading digital currency after it was approved for admission to listing on the Gibraltar Stock Exchange GSX on 22 July 2015, the Gibraltar-based private limited company has announced. According to information on its website, BitcoinETI offers professional investors exposure to Bitcoin as it trades in Euro charging 1.75% as management fees on a minimum order size of €100,000. The ETI, sponsored by Gibraltar based FinTech specialists....
The Gibraltar Stock Exchange (GSX) announced the launch of BitcoinETI, an asset-backed Exchange Traded Instrument that is invested exclusively in Bitcoin, making it the first European-regulated product for the leading digital currency. The ETI is listed on GSX with the ticker BTCETI and is in the process of also being co-listed on Deutsche Börse in the coming weeks. “GSX is an E.U.-regulated market which offers efficient and cost-effective solutions for innovative companies and financial products,” said GSX Managing Director Nick Cowan. “We look forward to supporting the BitcoinETI in its....
Crypto experts on The Rock of Gibraltar shed light on the crypto-friendly jurisdiction; it could explain why Binance is now recruiting on the British Overseas Territory. Gibraltar's 6.8km2 territory houses 35,000 people and several large international crypto companies. The British Overseas Territory of Gibraltar, ruled by the United Kingdom and an important gateway to Europe, is an attractive jurisdiction for distributed ledger technologies (DLT) or simply crypto.The world’s largest cryptocurrency exchange, Binance, is now hiring for four roles in the “Rock of Gibraltar,” up from two roles....