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Gibraltar: Consultation on Proposal for a DLT Regulatory Framework

The government of Gibraltar has published a four-week public consultation on a proposal for a distributed ledger technology (DLT) regulatory framework. Over the last year, the Gibraltar Financial Services Commission (GFSC) has been working with the government to develop this proposal for a new regulatory approach for firms engaging in activities that use DLT for transmission or storage of value belonging to others.

The aim is to encourage Gibraltar’s economic development and innovation, while protecting consumers and the jurisdiction's reputation. The GFSC will be responsible for the authorisation and supervision of the DLT firms; however, firms and activities that are subject to another regulatory framework will continue to be regulated under that particular framework.

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