ISOLAS LLP Partners, Joey Garcia and Jonathan Garcia, have contributed to Global Legal Insights Blockchain & Cryptocurrency Regulation 2021. This multi-jurisdictional guide explores a number of key legal issues, regulations, and updates related to cryptocurrency and blockchain technology.
In the Gibraltar chapter, experts in the Distributed Ledger Technology (DLT) sphere, Joey and Jonathan explore the uniquely progressive attitude Gibraltar has adopted in response to the ever-growing blockchain and cryptocurrency sector.
The chapter highlights Gibraltar’s expanding cryptocurrency market, and offers some valuable advice for individuals and businesses who may be looking to trade within the crypto space in the jurisdiction. The Partners also discuss an update from the Financial Action Task Force (“FATF”) to include new technologies in their 2012 ‘Recommendations on International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation’. As a result, virtual asset service providers (“VASPs”) are now required to be regulated for AML/CFT purposes.
