Gibraltar Government to Launch ICO Regulations

Last month, the world was informed that the Gibraltar Blockchain Exchange will roll out its very own initial coin offering (ICO). The ICO offering commenced on February 7 and will close three days from now. Two days after the ICO offering began, Reuters reported that the public should expect in the coming weeks to see a draft law surface from both the Gibraltar government and Gibraltar Financial Services Commission. Reportedly, the draft law will put forth the ICO regulations in the British overseas territory. For those who don’t know, the Gibraltar Blockchain Exchange is a subsidiary of the Gibraltar Stock Exchange, which is an extremely crypto-friendly exchange. According to lawmakers, this is significant news as the draft law marks the first ever set of ICO regulations. The draft law that is thought to surface in the next couple of weeks will help to regulate the sale, promotion, and distribution of digital tokens on the British overseas territory.

Reference: https://cryptocurrencynews.com/icos/ico-news/gibraltar-government-to-launch-ico-regulations/

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