Just sharing what I've learned about cryptocurrency businesses in Gibraltar

[figmentofmyass]

This is expensive. Really expensive. I guess they want to play it safe. They want the world to know that if you deal with a crypto company from Gibraltar, you'll play safe, because only guys with serious money can afford to start a business there. Gibraltar is not Ukraine, but the talented Ukrainians who could launch a great new crypto start-up will never have the money to register their business there.

really? $15k seems super cheap if we're talking about companies that do licensed/regulated activity. or really, any serious startup company. it's a drop in the bucket for an exchange or ICOs raising money in a bull market.

The smaller the jurisdiction, the lairier I'd be about pinning my future on it. Places like Malta and Gibraltar are minnows who are going to do what they're told if pressure is put on them by larger forces.

They could become crypto havens but if it starts to encroach on bigger interests then they won't be for long.

it worked out pretty well for online gambling---both malta and gibraltar made out like bandits on that one. so i'm interested to see how things work out.

if the US government wants to fuck you, a gibraltar license obviously isn't gonna save you. but it's a nice rubber stamp that screams "compliance" to potential investors and customers.

[kryptqnick]

This is expensive. Really expensive. I guess they want to play it safe. They want the world to know that if you deal with a crypto company from Gibraltar, you'll play safe, because only guys with serious money can afford to start a business there. Gibraltar is not Ukraine, but the talented Ukrainians who could launch a great new crypto start-up will never have the money to register their business there.

really? $15k seems super cheap if we're talking about companies that do licensed/regulated activity. or really, any serious startup company. it's a drop in the bucket for an exchange or ICOs raising money in a bull market.

I am also from Ukraine, and I agree that $15k is a lot of money. I guess the problem is that during initial stages the team might have the total budget less than that. If they're good, they will eventually be able to pay $15k, but the thing is that to register business there, you need to start by paying. This holds for ICOs as well. A great project can eventually gather hundreds of thousands of dollars, but paying $15k at the very beginning can seem not worth the risk... In Ukraine people are used to be doing good things with very limited budget. Basically, such policies allow only rich people to operate legally, because young startupers don't have that much.

[justdimin]

The main benefit is that you are operating legally. It can also simplify things like listing fiat currencies on the exchange. The main downside is that it doesn't come free.

I'm sure I can start any business in USA if I am ready to spend as much as possible how a millionaire will be doing for starting a illegal business, for example. Because, money works everywhere and if we are wealthy enough then we can do start business everywhere not just in Gibraltar. This is how the political and business regulations are working in most part of the world. No wonders on hearing about this particular country.

As far as I have learned, Malta and few other European union countries are doing the same. You can easily start any business there given that you will be ready to invest big but your intention should be announcing your self as a registered/government recognized venture so that you will be legally eligible for fiat transactions.

[Renaldi blackspadeteam]

yeah sir, Gibraltar is a good place for crypto projects, in my opinion there are many benefits that can be taken for success in running a cryptocurrency project business, I think only projects that are really serious will register and get licenses from Gibraltar, maybe just big project and a strong economy that dares to register in Gibraltar

[Bitfling]

I rarely start topics, but today I want to share some knowledge about crypto projects in Gibraltar and hear your thoughts on this matter. Gibraltar is among those rare countries that welcome not only crypto exchanges and other established blockchain projects, but also ICOs. They have a very brief law that regulates cryptocurrencies. It's an interesting one, because it does not even mention cryptos, but focuses on 'distributed ledger technology providers'. In essence, each crypto project has to obtain a DLT license to operate legally in the country. While obtaining it is pretty costly (about $15k to get it and $10k+ per year to keep it), it guarantees legal activity which is both good for reputation and saves from random lawsuits, charges and scam accusations. The 10% income tax also has to be payed.
The main benefit is that you are operating legally. It can also simplify things like listing fiat currencies on the exchange. The main downside is that it doesn't come free.
What do you think? Is Gibraltar a good place for a crypto project?

From what i am read, gibraltar is good country to establish cryptocurrency or blockchain project. Gilbraltar already regulate cryptocurrency and ICOs and i think its good for developers building their project in Gilbraltar. I think issuing ICOs in regulated country is good for investor confident

[shamc]

Gibraltar and Malta are going to be the new Switzerland for the new age economy. Better start operating there now while the prices are low, just like the binance listing fees - it is going to rise

[goaldigger]

If there are places like this, why does other countries doesnt do the same? Why does other places doesnt see what crypto can bring us like Gibraltar do?.  Countries should read this and be more open minded with this matter so that more places can have crypto freedom.

[pcfli]

I rarely start topics, but today I want to share some knowledge about crypto projects in Gibraltar and hear your thoughts on this matter. Gibraltar is among those rare countries that welcome not only crypto exchanges and other established blockchain projects, but also ICOs. They have a very brief law that regulates cryptocurrencies. It's an interesting one, because it does not even mention cryptos, but focuses on 'distributed ledger technology providers'. In essence, each crypto project has to obtain a DLT license to operate legally in the country. While obtaining it is pretty costly (about $15k to get it and $10k+ per year to keep it), it guarantees legal activity which is both good for reputation and saves from random lawsuits, charges and scam accusations. The 10% income tax also has to be payed.
The main benefit is that you are operating legally. It can also simplify things like listing fiat currencies on the exchange. The main downside is that it doesn't come free.
What do you think? Is Gibraltar a good place for a crypto project?

I know this fact about how Gibraltar accepts companies with shady activities. Cryptocurrencies are not limited to time,region etc dimensions and states must do something about crypto before it was too late.

[Vness10]

Did you see a really big difference compared with other countries? Because it doesn't look so different, they just call the industry another name.
For an ICO marketing, yeah that can help, but for marketing only. Attracting investors during the ICO and then? If we start to see altcoin marketed as "Approved by <country name>" then we will have a debate in which country's approval  is better to rely on lol

I agree because theres no differences it's still the same situation and its for marketing strategy only. I think we cant see other things that can change the regulations in crypto.  Still money is the  everything here and it's up to us to manage it and strategy what will be use.

[shield132]

I think there are better choises too, for example let's take Georgia. This is small country but very handsome for integrating of crypto and blockchain projects, especially blockchain because of Bitfury. They and government were working together and implemented blockchain technologies on land title registry. Also as far as I know there aren't any regulations on cryptocurrencies too.

[biskitop]

if it operates legally, it's definitely not free. but at least when the exchange is legally traded, investor interest will actually increase, and that is good for the future of the crypto and ico industries.

[rose9696]

I rarely start topics, but today I want to share some knowledge about crypto projects in Gibraltar and hear your thoughts on this matter. Gibraltar is among those rare countries that welcome not only crypto exchanges and other established blockchain projects, but also ICOs. They have a very brief law that regulates cryptocurrencies. It's an interesting one, because it does not even mention cryptos, but focuses on 'distributed ledger technology providers'. In essence, each crypto project has to obtain a DLT license to operate legally in the country. While obtaining it is pretty costly (about $15k to get it and $10k+ per year to keep it), it guarantees legal activity which is both good for reputation and saves from random lawsuits, charges and scam accusations. The 10% income tax also has to be payed.
The main benefit is that you are operating legally. It can also simplify things like listing fiat currencies on the exchange. The main downside is that it doesn't come free.
What do you think? Is Gibraltar a good place for a crypto project?

Well, I think this is a country with a very high rate of corruption. When they charge such a high fee, they will certainly ensure that crypto businesses are not affected much from the investors' reports. then the law is still a joke.
We always need to be protected because this is a market that does not have strict management. But Gibraltar took advantage of crypto businesses to get their own revenue.
This is really not a good country.

[binhvo1505]

I rarely start topics, but today I want to share some knowledge about crypto projects in Gibraltar and hear your thoughts on this matter. Gibraltar is among those rare countries that welcome not only crypto exchanges and other established blockchain projects, but also ICOs. They have a very brief law that regulates cryptocurrencies. It's an interesting one, because it does not even mention cryptos, but focuses on 'distributed ledger technology providers'. In essence, each crypto project has to obtain a DLT license to operate legally in the country. While obtaining it is pretty costly (about $15k to get it and $10k+ per year to keep it), it guarantees legal activity which is both good for reputation and saves from random lawsuits, charges and scam accusations. The 10% income tax also has to be payed.
The main benefit is that you are operating legally. It can also simplify things like listing fiat currencies on the exchange. The main downside is that it doesn't come free.
What do you think? Is Gibraltar a good place for a crypto project?

It's really not safe. I think the government is taking advantage of crypto businesses to increase government funds many times.
In addition, litigation is not effective because this is a decentralized market, very few investors have the right to sue a business in a foreign country.
In general, the government has really gained too much profit from allowing crypto businesses to operate.
Their financial strategy is like killing small businesses because the fee is too high.