The Gibraltar Minister of Commerce visited China and has close links with the Chinese financial industry in areas such as blockchain.

According to the Economic Information Daily, Gibraltar’s Minister of Commerce Isola visited China recently. “In the past three or four years, Gibraltar has been closely connected with the Chinese financial industry and has made progress in insurance and blockchain. The development of the digital economy has become a trend. In 2018, Gibraltar opened the license for distributed ledger technology (DLT), attracting more and more applications from multinational companies.” It is reported that Gibraltar’s DLT regulatory framework will take effect on January 1, 2018. , issued by the Gibraltar Financial Services Commission. The regulatory framework requires companies that use distributed ledger technology for value storage and transfer to obtain a license from the Gibraltar Financial Services Commission. According to Isola, the regulatory framework aims to promote the development of blockchain and encryption technology, and at the same time, it is hoped to attract high-quality blockchain enterprises to Gibraltar through clear supervision and guidance.