Regulatory Alerts2026-03-25
GFSC Guidance Note on the Scope of the DLT Framework
The Gibraltar Financial Services Commission issues this guidance to define the scope of the Distributed Ledger Technology Framework, establishing an outcomes-focused, principles-based regulatory regime for DLT and Virtual Asset Arrangement providers. The document clarifies that firms carrying on business in Gibraltar must be authorized if they use DLT for the storage or transmission of value belonging to others or provide virtual asset exchange arrangements. It further delineates in-scope commercial activities, such as custodial services and exchange operations, from out-of-scope activities like proprietary trading and non-custodial wallet services.
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