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

TechFlow, May 13 — According to CoinDesk, the government of Gibraltar announced it will establish the world's first regulatory framework for clearing and settling cryptocurrency derivatives, aiming to enhance market integrity in the virtual asset sector and reduce trading risks. Developed jointly by the Gibraltar government, the Gibraltar Financial Services Commission (GFSC), and crypto exchange Bullish (CoinDesk’s parent company) over a six-month period, the framework adapts traditional financial clearing rules for application in the crypto market. The new regulations will allow virtual asset derivative contracts to be processed through regulated clearing houses, improving transaction transparency and capital efficiency while effectively reducing counterparty risk.