<span style="font-weight: 400">The government of Gibraltar has launched a pilot initiative or plans to use blockchain technology to keep official credentials on its networks. Gibraltar is a British enclave near the southern tip of the Iberian Peninsula. Officials have already <a href="https://quebecnewstribune.com/blockchain/the-gibraltar-government-plans-to-bridge-the-gap-between-the-public-and-private-sectors-through-blockchain-47299/" target="_blank" rel="nofollow noopener">begun</a> digitizing government services via the RSK innovative contract network, but they expect to ramp up their efforts in early 2022.</span>
<h2><span style="font-weight: 400">The Government of Gibraltar Plans to Bridge the Gap Between Public &amp; Private Sectors</span></h2>
<span style="font-weight: 400">On Tuesday, her Majesty's Government of Gibraltar announced that it had teamed with Bitso, a cryptocurrency exchange based in <a href="https://www.cryptoknowmics.com/news/buy-bitcoin-now-suggests-mexicos-third-richest-billionaire-says-the-us-heading-to-be-third-world-country/">Mexico</a>, and IOVlabs, a startup that creates financial solutions based on the Bitcoin (BTC) blockchain, to integrate blockchain technology into its eGov system. In the first phase of the integration, customers will store state-issued and certified credentials on the company's servers, allowing residents and local groups more accessible access to government services.</span>

<span style="font-weight: 400">Officials have already begun digitizing government services on the smart contract network RSK, according to Albert Isola, Gibraltar's Minister for Digital and Financial Services. Still, they expect to ramp up work on the integration in early 2022. Bitso will provide $500,000 in Bitcoin to the initiative, around 9 BTC for $55,000.</span>
<h2><span style="font-weight: 400">Greenlight For Crypto Firms </span></h2>
<span style="font-weight: 400"><em>"Gibraltar has established itself as a forward-thinking jurisdiction for innovative enterprises creating and selling blockchain-related solutions,"</em> Isola said. <em>"By incorporating blockchain technology into our operations in collaboration with our stakeholders here, we will be able to improve the way our community interacts with the government even more."</em></span>

<span style="font-weight: 400">The Financial Services Commission of Gibraltar recently granted permission for crypto firms to operate in the British territory, including <a href="https://www.cryptoknowmics.com/news/huobi-global-to-exit-chinese-mainland-by-the-end-of-this-year/">Huobi</a> Group's local subsidiary Huobi Gibraltar, which provides spot trading services, and Block. One's affiliate Bullish Limited. Many enterprises appear to view the area as having a more favorable regulatory climate.</span>

Government of Gibraltar Plans to Connect Public and Private Sectors

On Tuesday, the Government of Gibraltar announced its plans to team up with Bitso, a cryptocurrency exchange based in Mexico.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Government of Gibraltar Plans to Connect Public and Private Sectors

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