Gibraltar became a GBBC member for the development of the blockchain in the country

Gibraltar became a member of the Global Blockchain Business Council (GBBC), engaging in blockchain in more than 50 countries.

The Minister of Digital and Financial Services Gibraltar Albert Isola (Albert Isola) reported, that the government will contribute to the implementation blockchain in the British overseas territories. For this, it is necessary to organize training seminars for business managers and legislative bodies, as well as hold consultations to regulate the activities of firms in the industry.

The initiative is aimed at, to make the country more "friendly" in relation to the blockchain. GBBC General Director Sandra Ro (Sandra Ro) I expressed gratitude to the Gibraltar government for its willingness to interact with GBBC for the introduction of the latest technologies. Ro counts, that blockchain can bring the economy of different countries to a new level, Opening to enterprises many opportunities for development.

GBBC was launched in Davos in 2017 year. Its goal is to protect the interests of firms, developing solutions on the blockchain, Partnership with leaders of different countries, as well as the provision of detailed information to the state and regulatory authorities about the principles of blockchain work. During the study, conducted by GBBC last year, 63% institutional investors do not understand the possibilities of this technology and are not interested in using it.

Recall, that last year Isola signed a memorandum of understanding on behalf of the University of Gibraltar, which began to cooperate with the research department of the Huobi cryptocurrency exchange for academic research in the field of DLT. In September, the Gibraltar Financial Service Commission (GFSC) Updated management for firms, working with blockchain, and added recommendations for the release of tokens and risk management.