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Gibraltar establishes the world's first regulatory framework for crypto derivatives clearing and settlement

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2025-05-13 15:30:27
The government of Gibraltar has announced the establishment of the world's first regulatory framework for the clearing and settlement of cryptocurrency derivatives, with the aim of improving the integrity of the virtual asset market and reducing trading risk. The framework, developed by the government of Gibraltar in collaboration with the Financial Services Commission (GFSC) and crypto exchange Bullish (parent company of CoinDesk), took six months to apply traditional financial clearing rule adjustments to the crypto market. The new rules will allow virtual asset derivatives contracts to be processed through regulated clearing houses, increasing transaction transparency and capitalization levels, effectively reducing counterparty risk.
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