Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Minister for Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. Services and Gibraltar MP Albert Isola reported on crypto adoption and regulation in the UK territory and his own personal interest.
- Minister of Gibraltar, Albert Isola, spoke about cryptocurrencies
- He spoke of the regulations in this British Overseas Territory.
- He also said he was holding Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions.
- He buys it for the benefit of his children, he said.
Gibraltar, a British overseas territory, has been working on the adoption of crypto and its technology for several years. In December 2021 integrated Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. en sistemas gubernamentales. In April of this year, he published an amendment to existing regulations that require companies that trade with the company to Bitcoin and other digital currencies respect the integrity of the markets in which they operate. This was aimed at combating the “manipulation or undue influence of market an area or arena, online or offline, in which commercial dealings are conducted. prices, liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. or information, or any other behaviour that is detrimental to the integrity of the market”.
Now, in an interview with Cointelegraph Albert Isola, Gibraltar’s Minister for Digital and Financial Services and a member of Gibraltar’s parliament, explained Gibraltar’s latest approach to cryptocurrencies.
He also expressed his own personal interests in cryptocurrencies and confessed to being a bitcoiner a person who is bullish on Bitcoin. and told the reporter from Cointelegraph Joe Hall “Tengo Bitcoin” . Al respecto, explicó:
“I’m not at the stage yet where it’s something I would use regularly, it’s more about buying something for the benefit of my children for years to come. I don’t touch it.”
In his opinion, Bitcoin adoption will increase as more and more jurisdictions begin to regulate it”.
Remember Cointelegraph that Gibraltar is an attractive regulatory jurisdiction for cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. companies. Since 2018, when distributed ledger a record of financial transactions that cannot be changed, only appended with new transactions. technology (DLT) legislation came into force, more and more companies have been considering the European territory. Obi Nwosu, co-founder and CEO of Fedi, told Cointelegraph: “ In the field of regulated regulation is when something is controlled by a specific set of rules. jurisdictions, Gibraltar has always been the most interesting. “.
In the bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” market of 2022, or “ downtime”. As Isola describes it, Gibraltar companies are, in his view, “ very well placed to take advantage of the benefits and at the same time manage downtime. He added:
“I think our DLT firms are well positioned to weather the storms and then take advantage when it comes.”
Isola has expressed support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for crypto regulations in Gibraltar on social media. In a tweet posted from April, he comments:
“Gibraltar continues to lead the way in setting standards for the virtual asset sector by adding a new rule, the 10th DLT regulatory principle, which sets standards for market integrity in the sector.”
Gibraltar continues to lead in defining standards for the virtual asset sector by adding a new rule, the 10th DLT Regulatory Principle, that set standards for market integrity in the sector. https://t.co/DnSNUdhpuR @TechGib @GibFinance @GibraltarGov
– Albert J Island MP (@Albert_IsolaMP) April 27, 2022
Sources: Cointelegraph , Twitter, archive
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