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Investing.com – The Gibraltar Stock Exchange is preparing a new phase of growth for the territory’s financial system. The exchange seeks to ally with Valereum, a firm in the crypto sector to create the first integrated crypto exchange.
Thanks to this initiative, the Gibraltar Stock Exchange will be able to offer access to stocks and bonds on the one hand and to cryptocurrencies on the other on a single platform. The exchange thus offers a complete regulatory framework for cryptos like that available for stocks.
Gibraltar in a new financial chapter
The territory seeks to distinguish itself and to move away from its past as a tax haven. Gibraltar would like to take advantage of the wealth of cryptocurrencies and the enormous volumes of liquidity that exist on the market.
This approach differs in particular from the approach observed in most countries such as China where the government has banned crypto or in the United States where the administration remains undecided while taking aggressive actions against the industry. .
A healthy framework for cryptos
According to Albert Isola, minister for digital, financial services and public services, explains that Gibraltar’s entry into the crypto sphere offers a healthy and regulated environment for transactions.
He adds that Gibraltar would not be the right destination for fraudsters. “If you wanted to do illegal things in crypto, you wouldn’t be in Gibraltar, because businesses are licensed and regulated, and nowhere else in the world they are.”
The crypto wave grows in Gibraltar
In addition to Valereum, Gibraltar is home to 14 crypto firms looking to position themselves in a market estimated to be worth US $ 3.5 trillion, which is the market capitalization of all stocks on the London Stock Exchange, one of the largest stock exchanges in the world.
The Gibraltar Stock Exchange crypto project is ambitious as it requires the overhaul of the institution which is currently managed by only 3 employees to cope with the large market volumes and anti-money laundering requirements.
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