UK Crypto Exchange Coinfloor First to Receive Gibraltar Blockchain License

Cryptocurrency exchange Coinfloor has received a blockchain license.

From the strictly regulated Gibraltar Financial Services Commission, and is the first crypto exchange to do so since the Gibraltar government instituted its blockchain regulatory laws, according to Finance Magnates.

We're pleased to announce that Coinfloor Gibraltar has been formally regulated as a distributed ledger technology provider under Gibraltar's new rules for fintech companies that use blockchain technology.

This appears to be true; all of the regulatory effort has been initiated with the goal of bringing higher-quality players to Gibraltar and making it a cryptocurrency hub in its own right.

Is made up of nine regulatory principles that businesses must fulfill in order to operate in Gibraltar.

The Gibraltar government requires those conducting an ICO to collaborate with its appointed intermediaries; to not do so is a crime.

Years in The Game.While Coinfloor is a fairly small exchange, with a 24-hour trading volume of $1,137,432, according to coinmarketcap.com.

The London-based company has been in the crypto game since 2013.Recent fluctuations in the market have caused Coinfloor to pare back its staff, according to Bloomberg.

The company still plans to sell Bitcoin futures, which it launched a separate exchange called CoinfloorEX to host.

The company still plans to sell Bitcoin futures, which it launched in a separate exchange called CoinfloorEX to host.