Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

Start by selecting your Topic of interest below. Then choose your Regions and finally refine the exact Subjects you are seeking clarity on to view detailed analysis provided by our carefully selected internationally recognised experts.

4. Results: Answers
Trends and predictions
How would you describe the current fintech landscape and prevailing trends in your jurisdiction? Are any new developments anticipated in the next 12 months, including any proposed legislative reforms?

Answer ... With Gibraltar’s expanding financial services industry paving the way for domestic and global fintech businesses alike, the jurisdiction has positioned itself as a receptive, globally recognised jurisdiction for fintech players, and particularly distributed ledger technology firms, promoting innovation within the industry while ensuring consumer protection. Undoubtedly, the outlook is positive.

When considering future developments, the government of Gibraltar has been open regarding its intentions to expand regulated activities within the jurisdiction, more specifically by enacting Token Offering Regulations which would focus on three key aspects:

  • the promotion, sale and distribution of tokens;
  • the operation of secondary market platforms trading in tokens; and
  • the provision of investment and ancillary services relating to tokens.

With the Token Offering Regulations operating as a set of standards for initial coin offerings and initial token sales to be better tailored to issuers’ needs in terms of structure, investor confidence should be boosted through the implementation of robust standards, which should help to maintain the credibility of the jurisdiction.

For more information about this answer please contact: Anthony Provasoli from Hassans