According to Techub News and CoinDesk, the Gibraltar government will establish a regulatory framework for the clearing and settlement of crypto asset derivatives, aimed at enhancing the integrity of the virtual asset market and dropping trading risks. This framework is jointly developed by the Gibraltar government, the Financial Services Commission ( GFSC ), and the crypto exchange Bullish ( CoinDesk's parent company ), adapting traditional financial clearing rules to the crypto market. The new regulations will allow virtual asset derivatives contracts to be processed through regulated clearinghouses, improving trading transparency and capitalization levels, and effectively reducing counterparty risk.