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Charlie Steele comments on Gibraltar becoming a cryptocurrency hub

December 28, 2021

"It could enable or facilitate money laundering, sanctions evasion, terrorist financing, so everyone's wary of that as well."

FRA Partner Charlie Steele was quoted by The Guardian on Gibraltar Stock Exchange's (GSX) preparation for a corporate takeover that could have global consequences for the former naval garrison.

Regulators are reviewing a proposal that would prompt blockchain firm Valereum to buy the exchange in the new year - meaning the British overseas territory could soon host the world's first integrated bourse, where conventional bonds can be traded alongside major cryptocurrencies such as bitcoin and dogecoin.

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