Expands Operations to Fintech Hub Gibraltar
News Release
May 25th, 2021
Online Blockchain Expands Operations to
Fintech Hub Gibraltar
- Gateway for advancing global blockchain, crypto and DeFi business activities -
Online Blockchain plc (LSE:OBC) - the UK's leading listed blockchain research and development company - announces the opening of a new office in Gibraltar.
The new location is a strategic choice as the company develops its blockchain operations apace, in particular DeFi Protocol Umbria Network for which it acts as co-ordinator, adviser and administrator. Gibraltar offers a progressive regulatory environment and has gained a reputation as one of the world's leading administrations for welcoming and fostering innovation and fintech businesses. This makes it especially attractive for companies operating within the blockchain and cryptocurrency sector.
Gibraltar provides its offshore corporations numerous benefits such as access to EU membership, tax-free income, a low annual renewal fee and freedom to conduct business globally.
"Online Blockchain is particularly suited to such a benign and forward-thinking jurisdiction, and can capitalise on the many opportunities that Gibraltar affords," said Clem Chambers, CEO of Online Blockchain plc. "This environment will be a catalyst for further innovative developments and is the perfect location for the growth of Umbria, which has just launched its Layer 2 Decentralised Exchange (DEX)."
- ends -
NOTES TO EDITORS
Online Blockchain PLC enquiries : Clem Chambers (CEO) clemc@advfnplc.com
About Online Blockchain plc (LSE: OBC)
Online Blockchain (www.onlineblockchain.io) is a UK-based incubator and developer of businesses in internet and information-based technologies, including developers, administrators and custodians of blockchains and cryptocurrencies. The Company created ADVFN www.advfn.com and today still has a holding of 17.98% in ADVFN plc.
Online Blockchain plc continues to consider new related opportunities and particularly crypto currencies and blockchain-based opportunities including incubating cryptocurrency start-ups and developing technical innovation in the blockchain space. Led by a team with over two decades of pioneering in tech, Online Blockchain focuses on innovation in cryptocurrency and decentralised ecosystems via various applications of blockchain: incubating cryptocurrency start-ups and developing technical innovation in the blockchain space.
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
COMPANIES COVERED:
Latest directors dealings
- 16 hours ago Cerillion
- 17 hours ago Associated British Foods
- 17 hours ago B&M European Value Retail S.A. (DI)
- 17 hours ago B&M European Value Retail S.A. (DI)
- 17 hours ago Haleon