The Gibraltar Financial Services Commission (GFSC) is set on addressing crypto market manipulation with new rules aimed at the distributed ledger technology sector.
In the new regulatory principle by the financial regulator is stated that a distributed ledger technology (DLT) provider must assure the integrity of the market in which it operates, a press release on Wednesday said.
The Gibraltar government noted that market integrity is crucial for a fair, orderly and efficient market and now requires firms to extensively monitor for manipulative trading or other forms of market abuse. Businesses in the crypto space will also need to adhere to high disclosure standards and offer robust consumer protection.