Gibraltar exchange hopes to rock with launch of cryptocurrency

The Gibraltar Stock Exchange (GSX) is planning to launch its own digital currency in February in a bid to capitalize on international enthusiasm for cryptocurrencies.

A subsidiary of the stock exchange, the Gibraltar Blockchain Exchange (GBX) will launch its initial offering from 7 February until 14 February 2018. During this period GBX aims to sell around 60m “rock tokens”, which would yield around $6m for the GSX.

Despite some cooling for digital currencies so far this year, 2017 saw the value of bitcoin soar by more than 1,500% against the dollar.

Speaking on the launch, GBX CEO Nick Cowan said: “The introduction of rules-based systems is necessary if the blockchain sector is to reach maturity and if actors are to be assured of market stability.

“Based upon principles of decentralisation and community consensus, the GBX seeks to create a new era of trust, openness and global acceptance for the crypto industry, one quality token listing at a time.”

Cowan, who founded the GSX in 2014, went on to explain the significance of this launch, adding “The introduction of rules-based systems is necessary if the blockchain sector is to reach maturity and if actors are to be assured of market stability. Based upon principles of decentralization and community consensus, the GBX seeks to create a new era of trust, openness and global acceptance for the crypto industry, one quality token listing at a time.”

ABOUT THE AUTHOR
Christopher Copper-Ind
Christopher Copper-Ind is Publisher and Editor of International Investment.

Read more from Christopher Copper-Ind

preloader
Close Window
View the Magazine





You need to fill all required fields!