Albert Isola, Minister for Digital and Financial Services for Her Majesty’s Government of Gibraltar, says that he has invested in Bitcoin for his kids’ benefit.
Here is a brief introduction to Gibraltar from Wikipedia:
“Gibraltar is a British Overseas Territory located at the southern tip of the Iberian Peninsula. It has an area of 6.7 km2 (2.6 sq mi) and is bordered to the north by Spain. The landscape is dominated by the Rock of Gibraltar, at the foot of which is a densely populated town area, home to over 32,000 people, primarily Gibraltarians.“
Isola made his comments in a recent interview with Cointelegraph, shedding light on the growing adoption and acceptance of crypto across the globe.
According to the report, Gibraltar has become a “bubbling hotbed” for crypto adoption.
Isola reportedly played a significant role in shaping Gibraltar’s regulatory framework. He also has invested in Bitcoin.
He told Cointelegraph’s Joseph Hall:
“I’m not at the stage yet where it’s something that I’d use on a regular basis, it’s more about buying some for the benefit of my kids in the years to come. I don’t touch it.“
The report notes the small peninsula is an “appealing” jurisdiction for crypto companies due to its attractive regulatory climate.
Obi Nwosu, co-founder and CEO of Fedi, told Cointelegraph that Gibraltar has “always been the most interesting” location in terms of regulatory jurisdictions. Nwosu moved his company Coinfloor (since renamed CoinCorner) to Gibraltar in 2018, following the adoption of DLT regulations.
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