Page 6 - Layout 1

eToro granted blockchain licence
eToroX, the digital asset subsidiary of global investment platform eToro, has been granted a Distributed Ledger Technology (DLT) licence from the Gibraltar Financial Services Commission (GFSC).
After completing a rigorous application process, eToroX is now fully licenced to store and transmit value belonging to others using blockchain technology in Gibraltar.
Gibraltar’s Minister for commerce, Albert Isola, commented:
“We remain committed to providing a road to market for blockchain based companies that successfully work through the licence application process with the GFSC. eToroX joins Coinfloor, Covesting, the Gibraltar Blockchain Exchange, and Huobi as a licenced DLT operator within Gibraltar.”
eToroX was created in 2018 by eToro, the global multi-asset investment platform with over 10 million registered users.
STM Fiscalis produce a Gibraltar property tax guide
With the demand for Gibraltar residential lettings continuing to increase, STM Fiscalis Limited are pleased to announce that they have produced a property tax guide for landlords resident in Gibraltar or elsewhere.
In an increasingly international world, property owners often live in a different country to where their investment property is located, which can make meeting tax compliance obligations even more challenging.
The high demand for rentals in Gibraltar leads to attractive rental yields, which may be one of the many reasons why owners decide to rent out property.
6 Gibraltar International www.gibraltarinternational.com
News
GFIU launches
new system
for SAR
The Gibraltar Financial Intelligence Unit (GFIU) launched in January an online reporting system for Suspicious Activity Reports (SAR).
The system named Themis consists of two separate parts – an online portal for use by Money Laundering Reporting Officers (MLROs) and a system visible only to the GFIU. The portal is accessible to any MLRO to which the GFIU have granted access.
An MLRO can represent one or more organisations and all MLROs for an organisation can see all of the information relating to their own organisation, including that created by other MLROs. When the SAR is submitted it will be automatically transferred to the internal system and an acknowledgement of receipt is automatically sent.
Once the SAR is received, the GFIU’s officers will carry out the processing in the internal system and an analysis of the information, which may require allocation to law enforcement agencies or foreign financial intelligence units.
First mobile operator in Spain to offer a service in English
The Gibtelecom Group and Zinnia Telecomunicaciones have launched a new mobile operator in Spain, that will target British expatriates and other English speakers. A market that is estimated to comprise of 1.5 million people.
Lobster, offers a tailor-made tariff plans service that is based on “English, easy and effortless,” so that customers will be able to enjoy a service and experience “like home.”
Managing Director, Gabriel Miguez, commented: “Lobster, will meet the needs of expatriates customers who are currently underserved when it comes to mobile services in Spain. We’re excited to announce our competitive and easy to understand tariff plans and service, which of course is completely in English.”