Gibraltar's Minister for Digital and Financial Services, Albert Isola: Holding Bitcoin for the Next Generation

Gibraltar, located at the southern tip of the Iberian Peninsula, is a British Overseas Territory and the smallest one. This small fortress that guards the entrance to the Mediterranean Sea is very actively adopting cryptocurrencies.

Gibraltar, located at the southern tip of the Iberian Peninsula, is a British overseas territory and the smallest one. This small fortress strategically situated at the entrance to the Mediterranean Sea is actively embracing cryptocurrencies.

Blockchain media Cointelegraph conducted a special interview with Albert Isola, Minister for Digital Financial Services of Gibraltar. Albert Isola elaborated on the region's stance on cryptocurrencies and shared his personal interest in cryptocurrency investments.

In the interview, Albert Isola directly stated that he is a "Bitcoiner":

"I do indeed own Bitcoin," although he is not actively using Bitcoin at the moment, he plans to buy Bitcoin for his children in the coming years to preserve Bitcoin for the next generation, as he foresees an increase in Bitcoin adoption in Gibraltar's future.

Gibraltar is an attractive region for the cryptocurrency industry.

Cryptocurrency bank Xapo, founded in 2014, recently established a branch in Gibraltar. According to Xapo's article, founder Wences Casares, who grew up in Argentina, witnessed firsthand his family's lifelong savings evaporate due to uncontrollable events. However, with the emergence of Bitcoin, he believes in a future of unprecedented economic freedom, similar to how the internet democratized information, Bitcoin will democratize money.

For Wences Casares, the value proposition of Bitcoin is clear. Due to its fixed supply and decentralized nature, Bitcoin represents a new form of currency that anyone can use to store the value of their wealth.

Although Gibraltar's population is only 35,000, the region shows significant momentum in cryptocurrency. Cryptocurrency companies like Damex and Tap.global have also set up operations there. Mexican exchange Bitso partnered with Gibraltar at the end of last year to digitize government services. Currently, about 75% of the UK's online gaming comes from Gibraltar, with approximately 15 companies.

Despite the current bear market in cryptocurrencies, Albert Isola believes that Gibraltar's businesses are well-equipped to manage themselves during this downtime, stating, "Our distributed ledger technology companies are fully capable of weathering the storm and leveraging its advantages."

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