
Oops, They Did It Again: Gibraltar Authority Revokes QuickBit’s License for Violating Proceeds of Crime Act
Oh No, Quickbit Limited! Regulatory Troubles for a Virtual Asset Provider In a regulatory development, Quickbit Limited, authorized by the Gibraltar Financial Services Commission (GFSC) as a Virtual Asset Arrangement Provider, is facing severe consequences for contraventions of the Proceeds of Crime Act. The GFSC, following a thorough investigation and onsite visit in February 2023,…