May 24, 2022

Gibraltar will fight manipulations in the cryptocurrency market

Gibraltar has introduced new rules aimed at curbing insider trading and market manipulation in the crypto industry.

On April 28, legislators published an amendment to existing laws and issued a guide for crypto companies operating within its jurisdiction.

In the document, crypto companies are required to respect the markets,on which they work. Kpoмe тoгo, Koмиccия пo финaнcoвым уcлугaм Гибpaлтapa упoлнoмoчивaeт кpиптoкoмпaнии бopoтьcя c мaнипуляциями или нeпpaвoмepным влияниeм нa цeны, ликвиднocть, pынoчную инфopмaцию или c любoй дpугoй пpaктикoй, нaнocящeй ущepб цeлocтнocти pынкa.

“In 2018, we became the first jurisdiction to establish a legal and regulatory framework, and now we are the first jurisdiction to launch a market integrity system.”

“The more international standards for this space in the world, the more trust, use and acceptance in the whole world,” said Minister of Digital and Financial Services Gibraltara Alberta Albert.

He added that with its steps, the jurisdiction seeks to attract a small number of quality firms.