Gibraltar, One of the Most Appealing Fintech Destinations in Europe
Gibraltar is known for the favorable conditions related to the financial industry, which is why no one was surprised to hear or read about the Rock become a cradle for new fintech technologies, such as blockchain and cryptocurrencies. After organizing the first conference dedicated to fintech players in Europe last year, Gibraltar managed to attract several companies which have established their operations here. Our Gibraltar company formation agents can help foreign investors who want to register fintech companies here.
Gibraltar spurred the interest of foreign investors in the fintech sector
After attending the conference organized last year by the Financial Services Commission (FSC) of Gibraltar, 5 companies in the fintech sector were registered here, and thus marking the success of the event. That was only the beginning, as the number of foreign investors showing an increasing interest in Gibraltar as a fintech jurisdiction rose.
One of the objectives of the FSC was to attract entrepreneurs interested in cryptocurrencies, especially considering most of them are young and have good business ideas. The success of the event was marked by the attendance of 270 companies and investors, among which startups and international companies from all over the world.
The event enticed the government is speeding up the legislation related to blockchain technology and cryptocurrencies.
Our company registration consultants in Gibraltar can help investors who want to open cryptocurrency companies here.
The success of the Distributed Ledger Technology legal framework
At the beginning of the year, the government in collaboration with the FSC has announced the new Distributed Ledger Technology (DLT) regulations which have already attracted close to 30 companies to apply for licenses and operate in Gibraltar.
The DLT legislation is not the only innovative solution the government wants to come up with, as the authorities are working towards integrating financial technology in other industries as well. One of the most appreciated sectors is online gaming, which is why cryptocurrency payments are now considered by the government.
For assistance in opening a company in the fintech sector in Gibraltar, please contact us.