Gibraltar is quickly emerging in the Fintech space for new businesses starting up in this fast-moving sector.

With a sound regulatory environment that welcomes innovation together with an accessible and forward-thinking regulator, Gibraltar is a jurisdiction that many Fintech businesses (including blockchain start-ups, multi-currency digital wallet providers, e-money institutions and innovative payment service providers) are either setting up operations in or keeping a close eye on.

This has been accelerated by the proposal for a Distributed Ledger Technology Framework from the Government of Gibraltar and the Financial Services Commission. This document follows on from the ‘Virtual Currency: Outline Regulatory Framework’ paper which was produced by the Cryptocurrency working group co-chaired by partner Joey Garcia.

ISOLAS is a market leader in the Fintech sector, having worked closely with the Government of Gibraltar and the Gibraltar Financial Services Commission on various niche areas within this space. We have been instrumental, through our participation in Government established working groups, in shaping discussions and regulatory proposals for Crypto-Currency, Crowdfunding and Distributed Ledger Technology.

ISOLAS also founded Gibraltar’s only dedicated Fintech think tank, thinkFintech.gi, an initiative that brings together local and international financial services and technology professionals to collaborate and discuss ways in which Gibraltar can position itself as a welcoming, supportive and well-regulated environment for Fintech business.

ISOLAS is therefore at the forefront of legal developments and has unrivalled expertise when it comes to advising on these exciting new areas of financial services. We provide a tailored approach to finding legal and regulatory solutions for our client’s objectives based on our in-depth understanding of the industry.

Recent work highlights include:

  • advising one of the largest bitcoin depositary and wallet providers on obtaining its regulatory authorisation for a new business line; and
  • advising on the regulatory aspects of one of the world’s fastest selling Initial Coin Offerings raising in excess of $10m.