International Association Of Trusted Blockchain Applications Welcomes Gibraltar Finance

Blockchain, FinTech, Group, News | August 5, 2020 By:

HM Government of Gibraltar’s Gibraltar Finance is now an official member of the International Association of Trusted Blockchain Applications (INATBA), a global forum of regulators and policymakers working to advance the development of blockchain technology.

Gibraltar Finance is responsible within HM Government of Gibraltar for promoting Gibraltar as a leading financial services center. It spearheads new technology initiatives with the creation of the distributed ledger technology (DLT) providers regulatory framework and other FinTech initiatives.

Officially launched in April 2019, INATBA is an initiative by EU’s European Blockchain Partnership, the result of close collaboration of 26 EU countries. The initiative brings together key industry players, startups and SMEs, policy makers, international organizations, regulators, civil society and standard-setting bodies to support blockchain and DLT in becoming mainstreamed and scaled-up across multiple sectors.

The Hon Albert Isola MP, Minister for Digital and Financial Services said that they are delighted to be welcomed as a member of such a renowned and prestigious association such as INATBA.

“In Gibraltar, we are committed to maintaining our status as a leading hub for blockchain innovation in the global sphere,” Isola said. “Through collaboration and knowledge sharing, we believe that we can work with other INATBA members to create the best possible environment for users of DLT to grow and thrive. While the Covid-19 pandemic has curtailed economic activity globally, we are continuing our efforts to future proof Gibraltar’s status as a leader in the blockchain space. Even in the midst of this market downtime, we remain relentless in our endeavour to ensure that the jurisdiction reaches new heights in the aftermath of the pandemic. Joining INATBA gives expression to this ongoing effort.”