Gibraltar Announces Its Official Appointment As An Observing Member Of The Global Blockchain Business Council
Gibraltar Announces Its Official Appointment As An Observing Member Of The Global Blockchain Business Council
November 6, 2020
Gibraltar Announces Its Official Appointment As An Observing Member Of The Global Blockchain Business Council
Gibraltar Announces Its Official Appointment As An Observing Member Of The Global Blockchain Business Council
November 6, 2020

The Government of Gibraltar has announced its official appointment as an observing member of the Global Blockchain Business Council (GBBC), as it will be working alongside blockchain industry leaders from more than 50 countries.

It has been reported that Gibraltar expects to promote adoption across the British Overseas Territory and will consult widely to address topics such as regulation and education with business leaders and lawmakers to make the country a “friendly one for blockchain.”

However, the GBBC was launched in Davos in 2017. Its philosophy is about “education, advocacy, and partnership” to strengthen blockchain adoption among member countries.

Albert Isola, the Minister for Digital and Financial Services of Gibraltar, said that the GBBC’s vision to further the adoption of blockchain technology through “engaging and educating enterprises and regulators is totally aligned with our own mission.”

Likewise, in January 2018, the nation introduced legislation around distributed ledger technology (DLT).

In September, it updated the regulations to include the latest Financial Action Task Force rules. Earlier this year, Gibraltar also announced it had joined INATBA, another blockchain-related group with industry leaders from the European Union.

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Thus, Sandra Ro, the CEO of the Global Blockchain Business Council, commented:

“The Global Blockchain Business Council welcomes the Government of Gibraltar into our global network as a GBBC Observing Member. We look forward to highlighting the important digital assets and blockchain technology work and innovation from Gibraltar as we advance global collaboration, adoption, and opportunities.”

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.