The advantages and disadvantages of cryptocurrencies

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 Monday, February 7, 2022 - 09:40

SPECIAL REPORT by PETER TABERNER

Gibraltar could be heading towards becoming a hub for cryptocurrencies following the announcement that the Rock based blockchain firm Valareum is set to take over the Gibraltar Stock Exchange (GSX).

Valareum revealed on January 28 that it will have an eventual 90% ownership of the stock exchange, an increase of 10% from the original deal proposed in October.

Its an agreement that will potentially accelerate the process of acquisition by the firm via a single transaction, subject to the approval of the Gibraltar Financial Services Commission (GFSC).

Gibraltar has often spearheaded the cryptocurrency cause, last October Ocean Village hosted the first international cryptocurrency conference since the coronavirus pandemic came into being, in a two day event.
Cryptocurrencies are digital currencies that are secured by cryptography, many then become decentralised networks that are based on blockchain technology.

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07-02-22 PANORAMAdailyGIBRALTAR