- Albert Isola reveals his holdings in BTC for children’s future.
- Gibraltar May be the next hub for crypto companies
Gibraltar – Future Hub to Crypto Companies
Gibraltar – a bubbling hotbed for cryptocurrencies adoption, located on the southern tip of Spain – is a British overseas territory. The territory is an upcoming attraction for crypto platforms across the globe due to its regulatory climate.
When the legislation, distributed ledger technology (DLT) was launched in the year 2018, numerous companies considered the European Territory. Fedi’s co-founder Obi Nwosu mentioned in his interview that Gibraltar has always been the most interesting in terms of regulated jurisdiction. Coinfloor, now known as CoinCorner was brought to the land four years back, followed by 2018 regulations on the crypto mining companies.
Investing at a Futuristic Cost
In an interview with our closest sources Albert Isola – Minister of Digital Financial Services to HM Government of Gibraltar – explained the territory’s approach to the crypto currency market and shared his thoughts on his investment in Bitcoin.
Isola played a crucial role in shaping the regulatory framework in Gibraltar. Though he is not completely involved in the crypto market, Isola designed the framework in a way to lure more crypto companies. In one of his recent interviews he said, “ I’m not at the stage yet where it’s something that I’d use on a regular basis, it’s more about buying some for the benefit of my kids in the years to come. I don’t touch it.”
Final Thoughts
Statement from Isola can be considered as an indicator to what Bitcoin will bring to the crypto industry in the coming future. And especially when we talk about Gibraltar, the geography can be the next silicon valley to crypto miners and companies in the crypto marketplace. With a supportive regulatory climate Gibraltar can surely turn into the next hype in the crypto market.
Source: https://www.thecoinrepublic.com/2022/07/30/gibraltar-mp-albert-isola-reveals-holdings-in-btc-gibraltar-on-a-rise/