Gibraltar has announced new restrictions to prevent insider trading and market manipulation in the cryptocurrency sector. Earlier today, the British overseas territory announced a modification to existing rules and a guideline note for crypto firms operating under its authority. The Gibraltar Financial Services Commission (GFSC) has clarified that crypto firms must resist price manipulation, liquidity, market information leakage, and any other behavior that compromises market integrity. #Regulation Gibraltar introduces regulations to tackle crypto market manipulation https://t.co/YOlgRamBkb – https://t.co/HzksZFXjrd pic.twitter.com/M1ML5SnHNd — dumbwire CryptoNews 📟 (@dumbwire) April 28, 2022 According to a government note, market integrity is critical for a fair, orderly, and efficient market. It includes monitoring for manipulative trading and other forms of market abuse, high transparency rules, and strong consumer protection. According to instructions released alongside the policy, a DLT provider must establish measures to avoid or minimize the effects of any pricing, liquidity, or market information manipulation and prevent workers from engaging in insider trading. A professional market integrity working group composed of government representatives and leaders in the blockchain and digital asset space helped write the new regulations. On top of the nine other principles that corporations are already expected to follow, t...
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