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FinTech
A framework that builds for the future
How a bespoke framework is giving the Rock a competitive advantage
By Nick Cowan, CEO of the GSX Group
When it comes to regulating companies utilising Distributed Ledger Technology (DLT), the old fable of David and Goliath is more relevant than you might think. Large nations and economic blocs are currently lagging behind smaller countries when it comes to regulating DLT firms. Several small jurisdictions, including Gibraltar, have taken the initiative, and the benefits are already visible to all. By taking advantage of its small size, championing regulatory flexibility, and demonstrating an aptitude for implementing innovative and prudent frameworks, the Rock currently has a distinct competitive advantage over international counterparts.
Gibraltar has a rich history of embracing emerging technologies, rising to the forefront of the gaming industry through comprehensive licensing processes. The jurisdiction has found novel ways to apply regulation to these emerging industries, by putting principles at the heart of regulatory oversight.
Bespoke frameworks
The Gibraltar Betting and Gaming Association (GBGA) has a strict set of regulations overseeing companies keen to do business there and such frameworks have paid dividends for popular providers like Ladbrokes and Betfair. By taking a proactive approach to regulate emerging industries with
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Gibraltar International
www.gibraltarinternational.com