Regulation works best when rules are clear and comprehensive. Right now, the UK is still working towards that goal. However, the process of establishing clear regulatory guidelines is not as straightforward as one may think.
Strong regulation requires extensive consultation with industry bodies, analysis of existing frameworks, and establishing the necessary legal footing for the protection of the consumers the rules are designed for.
As one of the first jurisdictions to establish bespoke regulation for #DLT, #Gibraltar acknowledges the ongoing efforts of the UK in its aim to regulate the #crypto space.
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