- Lo Furneaux
Crypto Gibraltar 2022 - Crypto Security, Asset Recovery and Insurance
Updated: Feb 24
Our co-founder & CEO Aidan Larkin has been invited to speak at a panel discussion at the world’s first crypto festival next week. Crypto Gibraltar 2022 takes place in the British overseas territory of Gibraltar across two days on the 22nd - 24th of September. He will discuss crypto's effects on security, insurance and asset recovery with Mark Robinson, the Director of Sales in the North at Verlingue and Steve Lawler, the Director of Aon Risk Solutions. The panel will be moderated by Nigel Feetham KC, a partner at Hassans International Law Firm.
Crypto Gibraltar 2022 will takes place over two days in a purpose-built ‘Crypto Village’ between the airport and Ocean Village. The complex will encompass the nearby World Trade Center Gibraltar building and many of the restaurants along the side of the harbour. There will also be a custom 700-seat auditorium, an exhibition area, a networking lounge and a gallery of non-fungible tokens (NFTs). The festival will include educational presentations, discussions and debates between some of the world’s leading experts on digital finance, insurance and blockchain technology; as well as concerts, parties and networking sessions designed to strengthen both new and existing relationships between delegates. Aidan is thrilled to have been invited to the inaugural festival: “I’m delighted to have been invited to speak at Crypto Gibraltar. It’s a genuine pleasure to have been included amongst such a diverse range of experts and practitioners in this sector. I’m looking forward to chatting about the risks and rewards facing anybody hoping to work with the more complex digital assets like cryptocurrency and hopefully we’ll be able to demystify some of the tall tales that currently exist in this area.” Last year, thanks to their incredible 95% vaccination rate, the territory was able to hold the very first in-person crypto networking conference since the onset of the COVID-19 pandemic. This event held its Friday night party in the caves inside the rock of Gibraltar, using lights and sounds to create an interactive show that replicated the formation of the rock itself.
This year’s event hopes to build on this success by utilising the Metaverse, as explained by the event’s organiser, Pete Burgess: “We’re going to create an immersive metaverse experience where we will stream DJs performing in a metaverse club but into the real world. We’re working with DJenerates – the premiere NFT collection celebrating Electronic Music and featuring world-class DJs & artists from the TOP 100 DJ list – and to finish we’re also going to have Hipworth – the founder of this business who incidentally is also an NFT artist – he’s going to play live. We think this will be a world first.” The experience will allow attendees to interact with their fellow attendees in both real life and the metaverse at the same time, using the dedicated portal on their mobile phones. Over 1000 people from all areas of the crypto ecosystem are expected to be in attendance at the event, which is supported by Gibraltar Finance, the Gibraltar Funds & Investments Association and the Gibraltar Association for New Technologies.
Since establishing the world’s first purpose-built Distributed Ledger Technology (DLT) framework in 2017, Gibraltar has been at the forefront of the crypto movement. In fact, the territory has attracted so many cryptocurrency firms to its banks that it now proudly bears the nickname ‘Blockchain Rock’. However, companies hoping to escape legal supervision would be wise to avoid the area altogether as, despite its previous reputation as a tax haven, Gibraltar has fully committed to regulating the activity of all crypto-related businesses in their territory. Any firm that wishes to operate in the former naval garrison needs to apply to the regulator for a crypto banking license. So far, only 15 cryptocurrency and blockchain firms and a small number of Virtual Asset Arrangement Providers (VAAPs) have been granted one of these licenses.
While this amount is expected to rise with the growing popularity of the crypto market, the relatively small number of companies means the regulators can apply a high level of scrutiny to each one. Thanks to these unique efforts, the territory of Gibraltar is now considered one of the best jurisdictions for crypto banking in the world. If you would like to join Aidan and the many experts who will be at Crypto Gibraltar, you can buy tickets here.
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