There has been much doom and gloom when it comes to the blockchain technology, digital currencies, and more specifically the worldwide regulations on them. As any online gambler will know then Gibraltar has passed some favorable legalizations for the companies that provide gambling services and therefore become the leading registration destination for many online casinos. Officials in Gibraltar want to provide smooth and secure ground for any new development team starting their initial coin offerings and all of the regulations are outlined in the DLT framework proposal, which are very favorable and cheaply taxed!
Reputable Jurisdiction For New Investors
Recent ICO ban coming from China has shifted everyones focus on what matters, which is the regulations. Sure, blockchain technology can provide an anonymous and decentralized network to build on but if the individual or group behind that are shady then you can bet your left nut-sack that you are never going to see anything for the invested digital currencies that you put into new platforms. Gibraltar has been looked at as a reputable jurisdiction for many online businesses due to the positive comments from the officials and cheap taxation. The government has noticed rapid growth of the ICO market just as well as the lack of regulations which may be deemed as a negative factor for some speculative investors to put their money into it and have outlined favorable rules structure for the blockchain start ups in their latest DLT framework proposal. Business will be able to store their digital currencies and assets with governments support and security behind them, this means that future investors can be certain of their blockchain assets reaching the promised cause and development.
Gibraltar Accepts Bitcoin As A Trading Currency
The first bitcoin ATM was installed in Gibraltar last week of August, which was shortly followed by the positive regulations which got outlined in the DLT framework. Essentially Gibraltar is seeing bitcoin as a trading currency and there will be no extra tax added solely due to its being a digital currency. This type of move is expected to boost the growth of blockchain start ups and exchanges in the region. The Gibraltar-based fund is a huge benefactor to the US investors because the bitcoin tax is neutral and there is only one fee that is paid for the maintaining of the fund. Rock on Gibraltar, you are the perfect safe haven for the blockchain start ups and gamblers together!