Blockchain firm Valereum gets approval to buy Gibraltar exchange

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Reuters UK

LONDON (Reuters) – Blockchain company Valereum said on Monday it has received regulatory approval to buy the Gibraltar Stock Exchange (GSX) and turn it into a gateway to European capital for fledgling companies from the Middle East, India and Africa. Valereum said it has received consent from the Gibraltar Financial Services Commission to complete the acquisition. Valereum did not reveal the price of the deal, which it expects to complete in the first quarter of 2023. “The future focus of the GSX will be to expand the access to European capital for early stage and small-cap companies in the Mi…

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