INX, a Gibraltar-based cryptocurrency exchange, is now accepting major cryptocurrencies as part of its initial public offering. The company hopes to raise $117 million from both retail and institutional investors. Starting Monday, the company will accept payments in Bitcoin (BTC), Ether (ETH), and USD Coin (USDC), INX officially announced on Thursday. Since launching the IPO, INX raised $7.5 million by Sept. 10, the firm's representatives said. According to the announcement, more than 3,000 retail and accredited investors registered for the INX token offering in the first three days. INX said the company set the offering price at $0.90 per token, …

Gibraltar Finance has been announced as an official partner of the upcoming Post-COVID Hackathon — a global, online initiative intended to create open-source solutions addressing the health, social and economic challenges posed by the post-COVID-19 era. The event is expected to see participation from hundreds of teams internationally building in the distributed ledger technology (DLT) sector, with over 200 industry experts slated to assist participants. Albert Isola, Gibraltar’s Minister for Digital and Financial Services, expressed pride in the government’s involvement with the hackathon, stating that “the COVID-19 pandemic has brought with it a range of new global challenges.” “I am …

The Gibraltar Financial Services Commission, or GFSC, issued a new distributed ledger technology license to the Belarus-based cryptocurrency platform, Currency.com, on July 6. According to the announcement, the platform will be allowed to use DLT to store or transmit value belonging to others in connection with the provision of dealer and custody services thanks to the license granted by the GFSC. Speaking with Cointelegraph, Jonathan Squires, CEO of Currency.com, gave some insight into the company’s intentions for the license: “For our European clients, we’re aware that they have a preference for a recognizable legal framework for the venue through which …

Major cryptocurrency exchange Huobi will integrate their price data with Chainlink’s ecosystem in an effort to improve its own data integrity and provide more accurate price information. While Binance was the first major exchange to provide their data to Chainlink oracles in October 2019, Huobi has gone one step further by running its own node on the system through Huobi Wallet. This allows the exchange to sign its own price data allowing users to confirm that any exchange data coming from the Huobi Node is authentic and direct from the source. Huobi Wallet CEO Will Huang stated: “DeFi offers a …

On June 5 the Gibraltar Financial Services Commission, or GFSC, published four public warnings against cryptocurrency websites that claim to have an alleged license to operate in the territory. According to the authorities, www.askcurrency.org, www.findcurrency.org, www.arbitragecurrency.org, and www.etrustcoin.com have not been licensed or authorized by the GFSC — nor do they have an application pending for authorization. The Gibraltar financial watchdog also notes that such websites are displaying the GFSC logo, which has been applied “without the consent of the GFSC.” Alleged crypto sites are also not in an “initial phase” of regulation The crypto sites mentioned by the warnings …

“Coming together is a beginning, staying together is progress, and working together is success” — the words of Henry Ford give expression to the spirit of collaboration that defines human progress. His ethos around unity extends to many societal strands, including endeavors of profit, community initiatives and far-reaching government policies. When navigating uncharted territory, such as the handling of technological innovation from a regulatory perspective, different stakeholder groups must resist the urge to remain siloed in their strategies and lean into Ford’s vision for shared success. The art of enacting legislation requires strong cooperation and delicate management of stakeholder interests, …

For hundreds of years, Gibraltar was a vital part of the British Empire. The tiny territory, known as “The Rock” due to a gigantic protrusion of limestone that dominates its skyline, was sliced off the bottom of the Iberian peninsula in 1713 and has been a British Overseas Territory ever since. At first glance, the territory is small, dry and home to an oversupply of thieving monkeys. But beyond the southern tip of the territory lies the Strait of Gibraltar, through which half of the world’s shipping traffic still passes. Despite the territory’s growth, the British Empire eventually withered and …

The British Overseas Territory of Gibraltar, a pioneer of blockchain-friendly regulations, will introduce a new regulatory principle for the DLT sector addressing market manipulation risks in the coming months. In an interview with Cointelegraph, Albert Isola, Gibraltar’s minister for digital and financial services, discussed his jurisdiction’s regulatory position regarding blockchain in detail and shared how the government applied many of the policies it developed in pioneering a robust legislative apparatus for gaming at a time when no other countries wanted to touch the industry. The minister also revealed that Gibraltar’s government is exploring applications for blockchain technology. Cointelegraph: What informed …

In an exclusive interview with Cointelegraph, Gibraltar’s minister for digital and financial services, Albert Isola, has welcomed firms wishing to launch security tokens to the jurisdiction. The minister revealed that the British Overseas Territory assumes that all token offerings are securities issuances by default, placing the responsibility on the issuer to be able to demonstrate otherwise. Minister Isola also revealed that the government will soon mandate that the employees of all financial firms in the jurisdiction attend a university course on anti-money laundering, or AML, risks. Gibraltar welcomes security tokens Minister Isola stated that Gibraltar welcomes firms seeking to conduct …

In an exclusive interview with Cointelegraph, Albert Isola, Gibraltar’s minister for digital and financial services, argued that every country that respects contract laws recognizes crypto payments in the absence of regulation that prohibits them. On the question of whether Gibraltar legally recognizes crypto-asset payments, Minister Isola stated: “Yes. [T]he transfer of crypto assets and crypto payments [are] already happening.” “On the question of whether they are recognized, I don't believe there is a law on this planet, other than those that have specifically excluded it, that will not recognize the validity of the transfer of digital assets because the law …

Gibraltar’s minister for digital and financial services, Albert Isola, has announced forthcoming regulations to reduce market manipulation among blockchain firms. In an interview with The Banker published April 10, Isola also discussed his government’s decision to abandon its development of a legislative apparatus for token sales amid the bursting of the initial coin offering, or ICO, bubble. Gibraltar responds to market manipulation in DLT sector Isola states that Gibraltar’s government will introduce regulations to mitigate market manipulations in the blockchain sector “in the next few months.” The minister describes manipulation as an “increasing risk” among distributed ledger technology (DLT) companies, …

The buildup to the 2017 peak in cryptocurrency prices intoxicated business owners and investors around the world. The momentum was so great that new businesses popped up every second of the day, all hoping to cash in on the first great crypto gold rush. As 2018 rolled round, the long crypto winter soon froze out the hopes of many. Although the long trough proved too much for some, when prices rose again, the landscape looked very different. Initial coin offerings had largely been declared irrelevant and stablecoins from massive international companies gradually came to dominate a once-diverse industry. As 2019 …