The tiny British Mediterranean region of Gibraltar has become the first territory to adopt a regulatory framework for distributed ledger technology ( DLT ) . Its nine - point governing framework , applicable to all DLT companies , enshrine such practices as protecting against customer interference with mandatory solvency plans and implementation of measures to prevent money laundering . Gibraltar , which has embraced blockchain and digital currencies , is positioning itself as a hub for the technology .
The tiny British Mediterranean outpost of Gibraltar has become the first territory to provide a regulatory framework covering distributed ledger technology (DLT). Its nine-point governing principles, applicable to all DLT companies, enshrine such practices as protecting against customer losses with mandatory solvency plans and implementation of measures to prevent money laundering. Gibraltar, which has embraced blockchain and digital currencies, is positioning itself as a hub for the technology.