Oxygen will be among the first to be regulated in Gibraltar

LONDON, 30 May 2018 ​– On May 24th Oxygen’s founders, CEO Alex Grebnev and COO Alex
Melikhov, presented Oxygen to the Gibraltar Financial Services Commission (GFSC) in order to
become one of the first businesses to operate within the regulatory framework developed
specifically for blockchain-related businesses.

Alex Grebnev said, “Operating under the legislative framework of Gibraltar means giving our
customers peace of mind. They can be assured that Oxygen has capital adequacy, a sound
business plan and strategy, as well as controls and systems enabling us to look after our
clients.”

During the presentation in Gibraltar, Oxygen’s executives presented the business to the
regulators and explained how Oxygen will meet GFSC principles. They also dived into the
background of key members of the team and explained the business plan and financial
projections in more detail.

Alex Melikhov noted, “The requirements of the GFSC are rigorous. We are happy to go through
the entire process to provide our customers with the confidence that Oxygen can be trusted. Our
technology, business, operational, financial and risk management functions are well thought
through. Regulation helps confirm the standard.”

On December 20th 2017 Oxygen was officially incorporated in Gibraltar. On March 31st 2018
the team applied to be authorised under Gibraltar’s DLT Regulatory Framework. Oxygen has
already completed several stages of the DLT Application Process. During Oxygen’s Initial
Application, the GFSC assessed the risks and complexity of Oxygen’s proposed business model
and activity. The next step was assessment of the complete application, after which the GFSC
invited Oxygen to deliver a presentation, an integral part of the authorisation process


About Oxygen
Oxygen is the world’s first decentralized platform for crypto repurchase agreements. Founded in
2017 by the team behind market-leading cryptocurrency exchange service Changelly, Oxygen
allows holders to put their crypto assets to work, provides market liquidity, and enables traders
to hedge risk, take directional views and capture arbitrage opportunities.

source: oxygen.trade

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