Crypto Nation Competition Heats Up
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2. Gibraltar's «Rock Token»
The British enclave at the southern tip of the Iberian peninsula is no longer satisfied with its «tax oasis» tag. Earlier initiatives, like the plan to offer a home to funds, failed, so the newest blockchain and cryptocurrency initiative offers a promising alternative. Since Gibraltar formulated its rules for ICOs and opened the Gibraltar Blockchain Exchange (GBX) last February, it has received more than 200 ICO applications, according to a report by Baker McKenzie (report paywalled). The GBX has itself raised some $40 million through ICOs and issued its «rock token».
