’s Bullish exchange wins license from Gibraltar regulators

image, the developer of the EOS.IO protocol — the blockchain network of the EOS cryptocurrency — continues progressing with its cryptocurrency exchange subsidiary known as Bullish.

Bullish officially announced on Wednesday that its branch, Bullish Limited, obtained a distributed ledger technology license from the Gibraltar Financial Services Commission (GFSC). CEO and Bullish chairman Brendan Blumer said that Gibraltar is emerging as a “leading blockchain and virtual assets hub” that can provide a foundation for crypto-focused companies to “operate securely and in compliance with industry best practices.”

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How Gibraltar became a hotspot for gaming and crypto currency

Gibraltar also became a hot spot destination for crypto currency. Gibraltar is well known as a low taxation environment. It does not impose capital gains or dividend tax on cryptocurrencies, and crypto exchanges are rated as a business. This comprises of a very friendly 10 per cent corporate income tax rate, making crypto currency a highly attractive niche for Gibraltar. It recently hosted the first international post-pandemic crypto event on October 8, 2021 where 300 crypto enthusiasts and investors attended.

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Bullish Goes Live

Crypto Exchange Backed By Peter Thiel And Richard Li Goes Live For Institutional Clients

Bullish was awarded a distributed ledger technology (DLT) license from the Gibraltar Financial Services Commission (GFSC) earlier this year.

Bullish, a blockchain-based cryptocurrency exchange, officially began operating on Tuesday for an inaugural batch of institutional investors, marking an important milestone that paves the way for a full launch with retail investors at a later date.

Among the first clients to operate on the Bullish exchange are a non-U.S. affiliate of Virtu Financial, the electronic market-making firm based in New York, and the Hong Kong-based crypto finance firm Amber Group.

Bullish was established earlier this year as a subsidiary of Blockone, a blockchain software company backed by a group of renowned investors including PayPal cofounder Peter Thiel, hedge fund managers Alan Howard and Louis Bacon, and Hong Kong tycoon Richard Li. Eventually, Bullish will offer automated market making, lending, and portfolio management tools to its users.

“As the world’s first jurisdiction to enact purpose-built legislation in support of DLT, we believe Gibraltar is becoming a leading blockchain and virtual assets hub, and that it can provide an environment for cryptocurrency-focused companies to operate,” Blumer said at the time.

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Gibraltar: Bitcoin

This small peninsula located in the south of Spain which officially belongs to the United Kingdom seems to be gravitating towards the mass adoption of Bitcoin.

Sometimes it is surprising what a small territory can achieve by itself. We know countries that are incredibly small on the map that stil manage to be independent. Even some geographical spaces do not know very well who they belong to, but they embrace it. One of them is Gibraltar , which lives in an eternal fight between whether it belongs to the United Kingdom or to Spain. What is clear is that every day it belongs more to Bitcoin.

This small peninsula is lining up in favor of the crypto market. It is a pioneer in the regulation of cryptocurrencies, has been in favor of the development of blockchain technology and, in addition, it seems that it is adopting Bitcoin. It has the first private financial institution in the world that has combined traditional banking with Bitcoin. We are talking about Xapo Bank .

In addition, the British Overseas Territory of Gibraltar, its official name, introduced a package of regulations before the summer of this year. In it, he devoted a significant space to providers of distributed ledger technology services. Companies that work with DLT technology have greater regulatory clarity in this region.

But if there is something that stands out in Gibraltar, it is the use of the Lightning Network. This layer two network that enables off-chain transactions is increasingly used on this promontory. Many retail businesses have incorporated it into their payment methods for those interested in paying their bills using bitcoins, not fiat money.

This, in addition to its support for the development of the blockchain and its regulations mentioned above, have caused Gibraltar to be on the crypto map. Sometimes you don't have to have huge dimensions to stand out. Gibraltar is an example of how mass adoption is getting closer and closer with every passing day.

Central Bank Digital Currencies are the Bullet Train to Digital Concentration Camps

“If you can move every human into a digital concentration camp, empty their bank account any time you want, and tell them what they can and cannot spend money on, you've got complete control."

The White House published a "comprehensive framework" on Friday attacking decentralized cryptocurrencies while promoting a U.S. government-controlled programmable Central Bank Digital Currency (CBDC), per an official press release.

As you can guess, CBDCs will be tied to user identities and Digital IDs, which will allow for total surveillance by the State and eliminate any chance of financial privacy.

According to the Atlantic Council’s Central Bank Digital Currency Tracker, 112 countries, representing over 95 percent of global GDP, are exploring a CBDC.

11 countries have already launched a digital currency including Nigeria and numerous Caribbean nations.

14 countries are testing pilot programs including South Korea, Thailand, Saudi Arabia, Sweden, and China which is set to expand its use of the Digital Yuan in 2023.

This top-down control dovetails with the green energy movement which is designed to produce energy scarcity within a digitally monitored smart grid connecting electricity, gas, and energy usage to citizens’ Digital IDs.

Remove the privacy and decentralized nature of physical cash,” Pompliano explained. “It creates an environment where central banks have complete control over every aspect of a citizen’s financial life.”

“These central bankers will be able to see what is in your bank account, who you transact with, what you purchase, and anything else they are curious about in your financial life,” he wrote.

“That full transparency with the state removes all elements of privacy, while also giving the institutions the ability to censor any and all transactions, regardless of whether they have a legitimate reason or not.”

Pompliano’s comments mirror those made by the president of the Federal Reserve Bank of Minneapolis Neel Kashkari who, speaking at a panel hosted at Columbia University, said that he had no idea what problem centralized digital currencies solved for American citizens.

“What is it that a CBDC can do that Venmo can’t do?” Kashkari asked. “Well, I can see why China would do it.”

“If they want to monitor every one of your transactions, impose negative interest rates or directly tax customer accounts,” he said. “You can do that with a Central Bank Digital Currency, you can’t do that with Venmo.”

Robert Kiyosaki, the author of the personal finance book, ‘Rich Dad, Poor Dad’ had scathing criticism for the idea of introducing CBDCs.

Kiyosaki referred to the Executive Order 14067 signed by the Biden White House in early March that established the government’s position on creating a CBDC as the “most treasonous act in U.S. history” in a tweet that he posted on July 17th.

In addition, Kiyosaki went as far as to declare the establishment of CBDCs to be “communism in its purest form.”

Imagine these scenarios:

You spoke up against masking children at your child's school board meeting. Purchase denied.

You exceeded your vehicle’s weekly miles and surpassed your carbon limit. Purchase denied.

You posted private messages on Facebook questioning the integrity of the last election. Purchase denied.

You did not take your latest Pfizer mRNA gene therapy shot. Purchase denied.

You defied your lockdown protocol and traveled outside of your quarantine zone. Purchase denied.

The future according to the World Economic Forum’s Klaus Schwab and the billionaires and bankers who back him.

You’ll own nothing. And you’ll be happy ”.

Catherine Austin Fitts, the former Assistant Secretary of the United States Department of Housing and Urban Development, said in a recent interview, “All of this clean energy is designed to produce an all electrical system which will allow them to build an all-digital transaction system that will give them digital control.”

“Energy will be top-down and then you’re going to place sensors and chips on everything that moves in America,” she explained.

Central Bank Digital Currencies are the Bullet Train to Digital Concentration Camps

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