Lawmakers in Gibraltar approved a piece of legislation last week that fits into the government's broader plans for blockchain.
Gibraltar has published a draft of its upcoming regulatory framework for distributed ledger technology (DLT).
Gibraltar's financial watchdog has said it will soon put in place new regulations aimed to bring oversight to cryptocurrency exchanges.
Gibraltar's primary securities exchange has revealed a plan to "fully integrate" blockchain into its trading and settlement systems.
A private stock exchange based in Gibraltar is adding an exchange traded instrument (ETI) invested in bitcoin.
A global jurisdictional hub for bitcoin would experience an influx of new capital and businesses, and experience rapid growth.