09/11/17

Gibraltar Flies Fintech Flag in Hong Kong

(LowTax) -- Gibraltar's Minister of Commerce, Albert Isola, recently led a delegation to Hong Kong to promote Gibraltar's move into the Fintech sector.

His visit to Hong Kong coincided with Hong Kong Fintech Week where financial services professionals, Fintech entrepreneurs, investors, inventors, and regulators from around the world are gathering for the week.

Isola hosted a reception at the Mandarin Oriental Hotel in Hong Kong's Central for over 100 executives from the Fintech sector, as well as attending a series of meetings with firms and regulators to discuss Gibraltar's Fintech offering.

At the reception he told the audience of Fintech executives that Gibraltar has received unprecedented international interest since it published a consultation paper on a proposed distributed ledger technology regulatory framework on May 9, 2017.

He said firms in Gibraltar have been busy managing the interest created by the regulations, which are intended to deliver an efficient, safe, and innovative regulatory framework for businesses to engage in activities using distributed ledger technology for the transmission or storage of value belonging to others.

Minister Isola was joined on his Hong Kong trip by Jason Cruz, CEO of Gibraltar's Office in Hong Kong, Michael Ashton of Gibraltar's financial services promotion agency, Gibraltar Finance, and a number of Gibraltar businesses and their clients. The next leg of his trip took him to Beijing to continue meeting firms and businesses interested in exploring opportunities in Gibraltar.