Cryptocurrencies

Gibraltar Is Rolling Out the Red Carpet for Crypto Firms

Move comes after eToro set to be licensed in U.K. territory
More than 30 firms seeking regulatory approval in Gibraltar

Gibraltar, U.K.
Photographer: Luke MacGregor/Bloomberg

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By Viren Vaghela

May 25, 2018 at 10:57 AM UTC

This article is for subscribers only.

Xapo, a startup that is said to hold $10 billion of Bitcoin for clients, is boosting its operations in Gibraltar, as the British territory rolls out the red carpet for cryptocurrency firms.

Wences Casares, chief executive officer at Xapo, met with Gibraltar officials including Minister for Commerce Albert Isola this week, according to a Friday statement from Gibraltar’s government. Casares didn’t immediately respond to a message sent via LinkedIn.