Gibraltar Establishes Regulatory Framework for Virtual Asset Derivatives Clearing and Settlement
JH Kim
Summary
- The Government of Gibraltar announced that it has established a regulatory framework for the clearing and settlement of virtual asset derivatives.
- The Gibraltar Financial Services Commission stated that it has prepared regulations tailored to the virtual asset market in cooperation with Bullish.
- With the new regulatory framework, virtual asset derivative contracts can now be cleared and settled through authorized clearinghouses.
The Government of Gibraltar, a British Overseas Territory, announced that it has established a regulatory framework for the clearing and settlement of virtual asset (cryptocurrency) derivatives.
According to CoinDesk, a virtual asset specialized media outlet, on the 13th (local time), the Gibraltar Financial Services Commission has established a regulatory framework by adjusting existing financial clearing regulations to fit the virtual asset market in cooperation with the virtual asset exchange Bullish over the past six months.
This allows virtual asset derivative contracts to be cleared and settled through authorized clearinghouses.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
