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