Online Blockchain PLC Expands Operations to Fintech Hub Gibraltar
May 25 2021 - 2:00AM
RNS Non-Regulatory
TIDMOBC
Online Blockchain PLC
25 May 2021
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.
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END
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