Gibraltar's financial regulator has officially awarded a complete blockchain technology license to Coinfloor, a Bitcoin trading platform headquartered in London that launched operations in 201
Gibraltar's financial regulator has officially awarded a complete blockchain technology license to Coinfloor, a Bitcoin trading platform headquartered in London that launched operations in 2013. The permission granted by the GFSC permits the exchange to hold and facilitate transfers of client cryptocurrency assets operating under blockchain networks within Gibraltar's jurisdiction.
The authority has signaled that additional blockchain firms should expect comparable authorizations in the coming weeks, underscoring the territory's ambition to cultivate a flourishing digital asset landscape.
The Honourable Albert Isola, Gibraltar's Minister for Commerce, commended the development. He stated that "another positive which shows that Gibraltar is open for business and ready to work with quality companies to provide a regulated road to market." Elaborating on Gibraltar's approach, he continued: "We have championed internationally compliant, robust, and sensible legislation to regulate this revolutionary technology in Gibraltar while simultaneously striving to maintain the conditions that encourage further private sector innovation."
The legislative framework supporting the approval was introduced in January 2018. This specialized regime targets companies employing blockchain infrastructure, enabling them to interact with regulators efficiently while preserving sufficient flexibility to adapt to technological evolution.
Coinfloor's path to authorization involved a demanding evaluation process. The GFSC began by consulting with prospective operators about which digital asset activities would trigger licensing requirements. Organizations then submitted materials for preliminary risk review. Shortlisted candidates subsequently traveled to make presentations before GFSC officials, detailing their business operations and explaining how they intended to comply with nine core regulatory obligations.
The Mediterranean territory has swiftly established itself as a favorable jurisdiction for blockchain enterprises. GBX Grid exemplifies this trend—a digital platform owned by the EU-regulated Gibraltar Stock Exchange, seeking to lead as a world-leading, institutional-grade token sale platform and digital asset exchange. The platform expanded its offerings by listing a third project in July. Crowdvilla, a blockchain-powered company, counts among these ventures, pursuing its goal to democratise real estate ownership worldwide. The Gibraltar Stock Exchange has additionally opened its own digital trading venue, currently supporting Bitcoin, Ethereum, Ethereum Classic, Litecoin, and its proprietary Rock Token—all denominated in USD.
