Gibraltar develops rules for crypto derivatives clearing
Gibraltar’s Financial Services Commission has partnered with Bullish and decided to move ahead with plans to implement a regulatory regime focused on the clearing and settlement of crypto derivatives.
The goal is to address operational risks and improve transparency in the virtual asset market. The new framework has been developed through collaboration between the Gibraltar Financial Services Commission (GFSC), government authorities, and crypto exchange Bullish.
The initiative will allow the establishment of recognised clearing houses responsible for handling the finalisation of derivative trades involving virtual assets. Clearing houses typically act as intermediaries to ensure both buyers and sellers meet their…
