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Hassans promotes ‘Blockchain Rock’ in Israel

Embargoed to 0001 Wednesday September 19 File photo dated 16/10/15 of a Bitcoin ATM. The "wild west" world of cryptocurrencies should be regulated by the City watchdog, MPs have said. PRESS ASSOCIATION Photo. Issue date: Wednesday September 19, 2018. In a new report, the influential Treasury Committee has warned that some investors in the blockchain-based assets were not fully aware of the risks and should be prepared to "lose all their money". See PA story CITY Cryptocurrency. Photo credit should read: Dominic Lipinski/PA Wire

Hassans sent a delegation of nine Fintech specialists to Tel Aviv to represent the firm, and Gibraltar as a jurisdiction, at Gibraltar Day held at the Crowne Plaza Tel Aviv on Wednesday October 10.

The annual event, organised by Gibraltar Finance, the Gibraltar Government, and strongly supported by Gibrael and other local firms, had a strong blockchain focus this year.

According to Hassans, the aim was to promote Gibraltar, or the “Blockchain Rock” as it is increasingly known, as the go-to jurisdiction for international companies seeking a an innovative, competitive and crypto-friendly jurisdiction in which to do business.

As part of the week-long activities, Hassans hosted an evening fireside chat, along with eToro, one of the world’s leading Social Trading and Investing Platforms, and First, one of Europe’s largest Digital Assets Groups.

The team were joined by the Minister for Commerce, Albert Isola, who opened the event welcoming over 100 of Tel Aviv’s business community to the event.

A number of Tel Aviv based firms, and clients of Hassans such as eToro and First, have already applied for licensing under Gibraltar’s Distributed Ledger Technology (DLT) Regulatory Framework and this is expected to continue to be a burgeoning growth area for Gibraltar.

Yoni Assia, Founder and CEO, of eToro, said: “eToro was attracted to the Rock for various reasons.”

“Firstly, Gibraltar is a hugely successful and business-friendly jurisdiction which enjoys a good standing globally, plus it moves swiftly and has always been way ahead of the pack.”

“The DLT Regulations are a case in point – the licence progress is thorough but, by being able to work so closely with the Gibraltar Regulator, as well as legal experts on the ground, we found it to be a rewarding and enlightening one. As they say, good things come to those who wait.”

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