Bullish Secures Regulatory License from Gibraltar Financial Services Commission

Bullish, a blockchain-based cryptocurrency exchange, recently announced that its subsidiary Bullish (GI) Limited has secured a Distributed Ledger Technology (DLT) license from the Gibraltar Financial Services Commission (GFSC), marking a key milestone ahead of the Bullish exchange launch.

"As the world's first jurisdiction to enact purpose-built legislation in support of DLT, we believe Gibraltar is becoming a leading blockchain and virtual assets hub, and that it can provide an environment for cryptocurrency-focused companies to operate securely and in compliance with industry best practices," said Brendan Blumer, Chairman of Bullish. 

"Securing this license signals that the Bullish exchange is a platform that institutional and retail users can trust. It also underscores our commitment to client protection, compliance and industry-leading security ahead of launching the exchange, and continues our progress towards going live. We believe Gibraltar's commitment to a regulatory framework that fosters collaboration has spurred our industry forward and will enable wider adoption of digital assets," Blumer added.

Bullish previously announced its intention to go public through a business combination with Far Peak Acquisition Corporation (NYSE: FPAC), a special purpose acquisition company. Subject to various approvals and conditions, the merger is anticipated to close in the fourth quarter of 2021 or the first quarter of 2022.