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Share Name Share Symbol Market Type Share ISIN Share Description
Coinsilium Group Limited NEX:COIN NEX Ordinary Share VGG225641015
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.10p +3.08% 3.35p 2.50p 3.50p 3.25p 3.25p 3.25p 0 16:30:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - -

Coinsilium Group Limited: Gibraltar Operations Update - Coinsilium (Gibraltar) Limited

13/03/2019 7:01am

UK Regulatory (RNS & others)


Dow Jones received a payment from EQS/DGAP to publish this press release.

 
 
 Coinsilium Group Limited (COIN) 
Coinsilium Group Limited: Gibraltar Operations Update - Coinsilium 
(Gibraltar) Limited 
 
13-March-2019 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
13 March 2019 
 
                          COINSILIUM GROUP LIMITED 
 
                      ("Coinsilium" or the "Company") 
 
        Gibraltar Operations Update - Coinsilium (Gibraltar) Limited 
 
Coinsilium Group (NEX: COIN), the blockchain venture builder, advisor and 
investor that manages and finances the development of early stage blockchain 
technology companies, is pleased to provide an update on its Gibraltar 
operations. 
 
The Company announced in its Strategic Update of 14 January 2019 that it 
would be increasing its presence in Gibraltar by moving the management of 
core operations, such as its advisory services division, there from London. 
This relocation to Gibraltar reduces the Company's operating costs, enabling 
Coinsilium to allocate more resources toward investments and the provision 
of revenue generating activities such as its accelerator and advisory 
services. 
 
Coinsilium (Gibraltar) Limited Established 
 
Coinsilium (Gibraltar) Limited ("CGL") is now incorporated as a wholly owned 
Gibraltar registered subsidiary of Coinsilium Group Limited and will act as 
the Company's operating vehicle in Gibraltar. CGL is registered with the 
local tax office and is now in the process of applying for the relevant 
business licences to enable the undertaking of its proposed business 
activities and to grow the Company's advisory services capability in 
Gibraltar. 
 
CGL is positioning itself to provide a range of specialist services 
including educational and strategic advisory support. CGL is also well 
positioned to play a significant role in the fast-growing sector of Security 
Token Offerings (STOs) or Digitised 'Smart' Securities. Further 
announcements in this regard will be made in the coming weeks and months. 
 
Gibraltar has been identified by the Company as the jurisdiction of choice 
and provides a progressive regulatory environment that welcomes innovation, 
together with an accessible and forward-thinking regulator. This provides a 
higher level of regulatory certainty for companies operating within the 
blockchain and cryptocurrency sector. Gibraltar is currently attracting 
numerous international Fintech businesses, including blockchain start-ups, 
multi-currency digital wallet providers, e-money institutions and innovative 
payment service providers. 
 
Demonstrating the importance of this business development Coinsilium Group 
Executive Chairman Malcolm Palle is in the process of relocating to 
Gibraltar to drive and manage CGL's operational build-up. 
 
Appointment of ISOLAS LLP as advisors to Coinsilium (Gibraltar) Limited 
 
The Company is also pleased to announce the appointment of Gibraltar law 
firm ISOLAS LLP as advisors to CGL. Isolas is a market leader in the Fintech 
sector, having worked closely with the Government of Gibraltar and the 
Gibraltar Financial Services Commission on various niche areas within this 
space. Isolas has been instrumental, through its participation in Government 
established working groups, in shaping discussions and regulatory proposals 
for Crypto-Currency, Crowdfunding and Distributed Ledger Technology. 
 
Malcolm Palle, Executive Chairman of Coinsilium, commented: "The 
establishment of Coinsilium (Gibraltar) Limited is an important step in the 
transition of our advisory services division and we look forward to working 
closely with our advisors and business partners in Gibraltar. 
 
It is the Company's objective to utilise this strategic development to drive 
our activities and rapidly build shareholder value. After the work 
undertaken in recent years' we have established a robust business model and 
a growing asset base with an extensive degree of connectivity in the early 
stage blockchain technology environment from which to leverage our growth. 
 
We have already advised numerous Gibraltar-based blockchain and 
cryptocurrency businesses such as Gibraltar Blockchain Exchange (GBX), 
StartupToken, RIF Labs and Dether, and we are looking to build close 
relations with a wider group of businesses in the territory. 
 
We look forward to working with our partners to leverage the tremendous 
potential the Gibraltar opportunity offers." 
 
Joey Garcia, Partner at ISOLAS LLP commented: "We are delighted to be 
working with and assisting Coinsilium on their establishment and expansion 
in Gibraltar. This move is demonstrative of the key players that Gibraltar 
is attracting in the space and will no doubt benefit the growth of the 
sector." 
 
                                    For further information, please contact: 
 
Malcolm Palle, Executive Chairman +44 (0) 7785 381089 
Coinsilium Group Limited 
 
Eddy Travia, Chief Executive Officer +44 (0) 20 3889 4312 
Coinsilium Group Limited 
 
www.coinsilium.com [1] 
 
Guy Miller / Mark Anwyl +44 (0) 207 469 0930 
Peterhouse Capital Limited 
(NEX Exchange Corporate Adviser) 
 
Nick Emerson +44 (0) 1483 413 500 
SI Capital Limited 
(Broker) 
 
                                                           Notes to Editors: 
 
                                                            About Coinsilium 
 
Coinsilium is a venture builder, investor and advisor, supporting 
early-stage blockchain technology companies and the digital token economy. 
As the first ever IPO of a blockchain company in 2015, Coinsilium harnesses 
its experience and wide-ranging network to invest in some of the world's 
leading blockchain projects such as RSK/RIF Labs and Factom. 
 
Coinsilium shares are traded on NEX Exchange Growth Market, the primary 
market for unlisted securities operated by NEX Exchange, a Recognised 
Investment Exchange under the Financial Services and Markets Act 2000. 
 
   For further information about Coinsilium, please visit www.coinsilium.com 
                                                                         [2] 
 
ISIN:          VGG225641015 
Category Code: MSCH 
TIDM:          COIN 
Sequence No.:  7792 
EQS News ID:   786823 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=cbec184d292a1a19803d6d01fac07b9b&application_id=786823&site_id=vwd_london&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b5459a62ae45eaaa4e49428d9ac23271&application_id=786823&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

March 13, 2019 03:01 ET (07:01 GMT)

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