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Gibraltar Blockchain Exchange Granted Regulatory License

Law360, London (November 22, 2018, 4:52 PM GMT) -- The Gibraltar Blockchain Exchange, a subsidiary of its stock exchange, said Thursday it has been handed a regulatory license by the territory's financial services watchdog to provide distributed ledger technology, in a move that it says makes it the first jurisdiction to shape laws for the new technology.

The license means the Gibraltar Stock Exchange, or GSX, has become the first in the world to operate a regulated exchange for blockchain.

“This represents a significant milestone, not only for the Gibraltar Blockchain Exchange, but for crypto and exchanges worldwide,” the exchange, known as GBX, said in a statement. “It is a...

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