Considering a proposal that would prompt Gibraltar-based blockchain technology group Valereum Blockchain Plc to buy the Gibraltar Stock Exchange (GSX) next year, allowing the region to host the world's first integrated exchange where cryptos such as Bitcoin and dogecoin can be traded alongside traditional bonds. is going through.
The media outlet stated that the best-case scenario would mean that the region becomes the center of the ultra-hot market for cryptocurrency. On the other hand, the worst-case scenario would be reputational damage and possible diplomatic sanctions. Gibraltar Digital, Financial Services Minister Albert Isola mentioned the following words on the crypto money, Gibraltar relationship.
"If you wanted to do naughty things in crypto, you wouldn't be in Gibraltar, because firms are licensed and regulated and nowhere else in the world."
It is worth noting that in October 2021, Valereum (GSX) announced that it had signed an option to buy 80%. Neither Valereum nor GSX responded to requests for comment on the report and the pending deal.