Date: 5 months ago   Category: Economy

Coinfloor has obtained the license from the government of Gibraltar


Coinfloor has obtained the license from the government of Gibraltar
The London cryptocurrency exchange Coinfloor declared that the government of Gibraltar has granted the companies the license for carrying out exchange activity in this jurisdiction. According to information of Finance Magnates, the exchange has got permission to delivery of services of DLT (technology of the distributed registers) according to resolutions of 2018 "about the organization of financial services". the London cryptocurrency exchange Coinfloor declared

that the government of Gibraltar has granted the companies the license for carrying out exchange activity in this jurisdiction. According to information of Finance Magnates, the exchange has got permission to delivery of services of DLT (technology of the distributed registers) according to resolutions of 2018 "about the organization of financial services".

For the first time the government of Gibraltar has submitted the regulatory base for the DLT enterprises in January of this year. This country became one of the first jurisdictions which has begun to grant licenses to the cryptocurrency companies. "The regulatory base is a striking example of the flexible and adaptive approach supporting innovative business models by means of use of the necessary principles, but not the tough limiting rules", - is specified in the statement.

Rather early introduction of the cryptocurrency legislative base became the first step of Gibraltar in formation as the cryptocurrency center. And it is valid, many small countries have seized the opportunity to quickly provide adequate rules for the cryptocurrency sphere, including Malta and Luxembourg.

of Ob of Nvasu, the CEO of Coinfloor believes that small jurisdiction can become an example for Great Britain. "We believe that the government of the Connected Kingdoms can follow the example of Gibraltar and provide to FCA (Financial Services Authority) necessary powers for regulation of the cryptocurrency sphere".

of Nvasu also considers that participants of the market have to explain to the governments what rules are necessary to this sphere how to keep development of innovations and how to protect investors.

"For us is extremely important to cooperate with politicians. We have to help them to construct the balanced systems of regulation which will promote growth of the industry of digital assets and also will work in the long-term interests of consumers, the enterprises and governments".

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