INFOiGAMING

 Gibraltar approves a regulation for cryptocurrencies
 The Government of Gibraltar has passed a regulation that requires companies that trade in bitcoin and other digital currencies to respect the integrity of the markets in which they operate.
 Gibraltar approves a regulation for cryptocurrencies
Por INFOPLAY
2022-04-29
Regarding this regulation, Albert Isola, Gibraltar's minister for digital and financial services, highlights that in 2018 they became the first jurisdiction with a legal and regulatory framework in the area of cryptocurrencies. They are now the first to have a framework for market integrity

More specifically, the Gibraltar Financial Services Commission says firms must combat "manipulation or improper influencing of prices, liquidity or market information, or any other behavior which is inimical to market integrity."

A detailed authorization process is then established, whose compliance will be supervised by the authorities and offers the guarantee of being a regulated cryptocurrency market.

The new regulations have been developed by government representatives and experts in blockchain as well as digital assets. The text includes clear guidelines on the prevention of market manipulation and the use of privileged information, along with the creation of standards on disclosure and trading.

Finally, Albert Isola explains that the region "fully compliant with all transparency and exchange of information standards applicable in the U.K", which are applicable to cryptocurrencies.
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