Coinfloor has become the first entity to be awarded a distributed ledger technology (DLT) licence in Gibraltar, marking the jurisdiction’s next step in its ambition to become the go-to destination for virtual currency companies.
The London-based virtual currency exchange is, at the time of writing, the only company listed under the "DLT Providers" section of the list of registered entities from the Gibraltar Financial Services Commission (GFSC).
The law under which Coinfloor has been approved was first mooted a year ago; chief executive Obi Nwosu said the company established offices there a few months later and promptly began the licensing process.
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