We participated on a private dinner hosted by GFIA for local FinTech practitioners and members of Gibraltar Funds and Investments Association (GFIA) to celebrate 20th anniversary of GFIA.
The event was opened by Gibraltar Chief Minister The Hon Fabian Picardo (in the picture above) who addressed the audience with a keynote speech focused on Brexit, Gibraltar economy and flourishing FinTech scene on the Rock. From the elaborated speech full of interesting details we understood following main take aways:
- Despite not agreeing with the Brexit Gibraltar government achieved a set of satisfactory Gibraltar specific clauses within the Withdrawal agreement, which provide Gibraltar with transition periods and allow effective interaction with the EU. If the Brexit happened as orchestrated by UK Prime Minister, Gibraltar will not be forgotten and will not end up in a bad spot.
- Gibraltar economy and job KPIs have been on an upward trajectory even after Brexit vote and triggering of Article 50. These real life data are the best proof that investors and businesses continue choosing Gibraltar as a place to be despite known Brexit risks.
- After recent twists in domestic UK political scene it becomes an increasing possibility the Brexit could be either revoked or extended for a significant time. At the same time the risk of a hard no-deal Brexit failure has increased as well.
More than 190 FinTech professionals attended the dinner such as Fund administrators, Accountants, Auditors, Legal practitioners, DLT start-ups such as the rising star DAM , FinTech startups and well established companies building great projects within the Crypto ecosystem such as Gibraltar Stock Exchange Group . We enjoyed this great opportunity for intensive networking and discussions with the like minded individuals.
Following the Chief Minister we received a positive speech by the Chairman of the GFIA James Lasry, who reiterated the great developments within the Gibraltar FinTech community and GFIA over the years, emphasized the power of talent and community interaction as a main driving force of innovation and assured EiF professionals of an ongoing support by the GFIA, regulators and government itself. He added a future growth is expected in the EiF sector which is increasingly driven by the cryptofunds demand.
During the course of the event the Crypkit team had an opportunity to interact with the officials of the GFIA and discuss possible angles of future cooperation. We aspire to host more education events in Gibraltar focusing on the practical aspects of managing cryptocurrency portfolios, delivering transparent oversight, compliance and user friendly dashboarding. We have done one similar Crypkit conference with GACO in the past and will be working towards doing more of such seminars in the future.