Online Blockchain Expands Operations to Fintech Hub Gibraltar
May 25 2021 - 3:44AM
InvestorsHub NewsWire
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.
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