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The Gibraltar government announced the establishment of the world's first regulatory framework for encryption derivatives clearing and Settlement.
The Gibraltar government announced the establishment of the world's first regulatory framework for encryption derivatives clearing and settlement, in collaboration with the Gibraltar Financial Services Commission (GFSC) and the encryption exchange Bullish. After six months of adjusting TradFi clearing rules to adapt to the virtual asset market, Bullish stated that the framework allows virtual asset derivative contracts to be cleared and settled through recognized clearing institutions, aimed at enhancing market transparency and capitalization levels. (CoinDesk)