Gibraltar Finance Joins INATBA Government Advisory Body to Continue Broader DLT Advocacy
Gibraltar – 4th August 2020 – Gibraltar Finance, responsible within HM Government of Gibraltar for promoting Gibraltar as a leading financial services centre, has been accepted as a member of the International Association of Trusted Blockchain Applications (INATBA). INATBA provides developers and users of Distributed Ledger Technology (DLT) with a global forum where they can interact with regulators and policymakers to expedite the development of blockchain technology.
In a bid to support European decision makers in their efforts to bring blockchain technology to the mainstream, INATBA actively helps to inform high level regulatory debate. The association broadly advocates for the seamless collaboration between national, regional, and global players in a bid to advance the policy initiatives that are informed by industry.
The Hon Albert Isola MP, Minister for Digital and Financial Services said, “Gibraltar Finance is delighted to be welcomed as a member of such a renowned and prestigious association such as INATBA. In Gibraltar, we are committed to maintaining our status as a leading hub for blockchain innovation in the global sphere. Through collaboration and knowledge sharing, we believe that we can work with other INATBA members to create the best possible environment for users of DLT to grow and thrive.”
“While the Covid-19 pandemic has curtailed economic activity globally, we are continuing our efforts to future proof Gibraltar’s status as a leader in the blockchain space. Even in the midst of this market downtime, we remain relentless in our endeavour to ensure that the jurisdiction reaches new heights in the aftermath of the pandemic. Joining INATBA gives expression to this ongoing effort,” concluded Minister Isola.
Minister for Digital and Financial Services, The Hon Albert Isola MP, is available for interview.
About The Hon Albert Isola MP
The Hon Albert Isola MP is Gibraltar’s Minister for Digital and Financial Services, with the primary responsibility of raising Gibraltar’s profile as a well-regulated commercial centre. He has specific responsibility for financial services, digital technology innovation, and online gaming.
Minister Isola previously served as Gibraltar’s Minister for Commerce where he played a central role in driving the creation of the world’s first purpose-built DLT regulatory framework, which became law in January 2018. In addition, Minister Isola also led in the creation and establishment of the Gibraltar International Bank, a first for Gibraltar as a home-grown full-service credit institution. The Bank has been in operation since May 2015.
Before entering politics, Minister Isola enjoyed an extensive legal career, serving as a Partner at a major Gibraltar international law firm ISOLAS where he specialised in all aspects of property development and its financing and led the Financial Services team. He also regularly acted as an adviser to the Financial Services Commission (GFSC).
A British Overseas Territory, Gibraltar is a self-governing and self-financing democracy that has established itself globally as a reliable centre for the blockchain and digital assets industry. In January 2018, Gibraltar became the very first jurisdiction globally to introduce legislation around Distributed-Ledger-Technology (DLT), and has since asserted its position as a leading blockchain and cryptocurrency hub. With Gibraltar’s core values of regulation, reputation, and speed to market at the foundation of its efforts within the blockchain industry, Gibraltar is now globally renowned for its commitment to creating a sustainable and secure regulatory framework for blockchain, as well as being one of the leading proponents in the advancement of the technology. For more information please visit http://www.gibraltarfinance.gi/en/home
Rebecca Maher - Senior Consultant
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