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13th February 2018, 18:21

Legislation for use of DLT tokenised digital assets expected in the coming months

The Government expects to roll out legislation for the use of tokenised digital assets created and traded using Distributed Ledger Technology, in the second quarter of 2018.

These tokens, also known as Initial Coin Offerings (or ICO’s) are used as a means of raising finance, typically for early start-ups.

With Gibraltar’s DLT regulations in effect since 1st January this year, work has now begun on drafting legislation for tokens following a period of consultation with stakeholders.

Our reporter Ros Astengo spoke to Minister for Commerce Albert Isola to find out more.