Gibraltar’s Openness to Crypto and Web3

Gibraltar consolidates its position of openness to the crypto and Web3 world, thanks to guests of the caliber of Kraken, Animoca Brands, and AlphaPlay.

To assert this, the Hon. Nigel Feetham KC, Minister of Justice, Commerce, and Industry, spoke directly during the event organized by House of Block and Gibraltar Funds Investment Association (GFIA).

Summary

• Gibraltar for Web3 and crypto: the event with Kraken, Animoca Brands, and AlphaPlay
• Gibraltar’s collaborative approach for crypto and Web3 with Kraken and Animoca Brands
• Updates to crypto regulation in the Cayman Islands

Gibraltar for Web3 and Crypto: The Event with Kraken, Animoca Brands, and AlphaPlay

Gibraltar is consolidating its position of openness to the crypto and Web3 world.

During the event organized by House of Block and Gibraltar Funds Investment Association (GFIA), the Hon. Nigel Feetham KC, Minister of Justice, Commerce, and Industry, delivered a compelling speech.

Pioneers of the sector, investors, and innovators also participated in the event, including Robby Yung of Animoca Brands, Kaushik Sthankiya of Kraken Digital Asset Exchange, and Ben Appleby of AlphaPlay.

Gibraltar’s regulatory authorities seem open to supporting the growth of Web3 companies. The event discussed Gibraltar’s evolving role as a global hub for Web3 regulation and innovation. Gibraltar offers opportunities for British and international businesses looking to scale in a crypto-friendly jurisdiction.

Other topics discussed included the growing convergence between traditional finance and the crypto and blockchain space.

Gibraltar’s Collaborative Approach for Crypto and Web3 with Kraken and Animoca Brands

Reports from the House of Block and GFIA event suggest that prominent voices from Animoca Brands, Kraken, and AlphaPlay provided input on the direction of the sector for 2025. Gibraltar aims to consolidate its position as a leading jurisdiction for blockchain and digital asset regulation.

Since 2021, the country has modified its regulation on crypto and blockchain to remain at the forefront of technological progress. By 2025, Gibraltar will have a clear regulatory framework. The Gibraltar Financial Services Commission (GFSC) regulates DLT technology providers, including crypto exchanges and wallet providers, and has developed a comprehensive guide on expectations for regulated businesses regarding AML/CFT/CPF.

On cryptocurrencies, the text highlights, “Cryptocurrencies themselves are not regulated. The Government has instead tried to regulate the access points to the markets, rather than specifically regulating cryptocurrencies. This approach has been welcomed by the sector.”

Updates to Crypto Regulation in the Cayman Islands

Recently, there has been an update from the Cayman Islands concerning industry operators. Starting April 1, 2025, a new law approved by local legislators will require crypto operators to obtain a license for trading and custody services.

In addition, crypto trading platforms must display additional documents related to cybersecurity strategy, risk management, loss and theft prevention, and measures for controlling and safeguarding digital assets.