Island of Jersey to Soon Give Isle of Man a Run for Its Money
Island of Jersey, the self-governing parliamentary democracy in the Channel Islands will soon have a digital currency friendly regulatory regime. The government's plan was announced by the Assistant Chief Minister of the States of Jersey recently. Bitcoin businesses prefer to have their company registered in overseas territories like the Isle of Man, Channel Islands and British Virgin Islands due to their favourable laws and regulations. With the digital currency sector still being in nascent stages, companies working in this sector general require a lot of leeway when it comes to....
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Jersey Island is welcoming to Bitcoin. Jersey, an autonomous island of the UK, is a well established "tax haven" and besides tourism the island's economy is driven by financial services. This has lead to an increasingly affluent people on the cutting edge of financial and technological innovation. Naturally the island wants to secure its future in the emerging world of digital currency. A local campaign group, bit.coin.je, has recently been set up to pursue Bitcoin understanding and adoption on the island. The group is an alliance of Jersey-based businesses and entrepreneurs who foresee....
The island of Jersey has approved the launch of a bitcoin investment fund, which the government claims will be the first such fund to be regulated. Called the Global Advisors Bitcoin Investment Fund (GABI), the fund received regulatory approval from the Jersey Financial Services Commission (JFSC) earlier this week. The fund, set up by Global Advisors Jersey Limited (GAJL), is set to launch on the 1st August. The Island of Jersey is the largest of the Channel Islands and is a self-governing British Crown dependency. Due to its liberal tax policies the island developed into a tax haven....
Jersey is an island off of the coast of Normandy with a self-governing government but still autonomously attached to the United Kingdom. Much like the Isle of Man, Jersey has been seen as one of the safe havens for digital currencies. It has led a lot of people working on financial and technological innovation to settle their business there. The island is interested in securing its future in the emerging world of digital currency and how it could benefit their community. By taking this in mind, the Island government is pushing forward with plans to regulate and establish legislation for....
Known as the Bitcoin Island, the Isle of Man is turning its attention to blockchain to boost its FinTech and digital payments sector as it continues its efforts at establishing digital businesses on the island. After the Isle of Man’s Gambling Supervision Commission (GSC) and Treasury approved changes to the island’s gambling regulation last year, allowing currencies such as bitcoin to be accepted as cash, the island is hoping the adoption of blockchain applications will give the island the push it needs to further establish itself. Brian Donegan, from the Isle of Man Government Department....
Following a recent initiative aiming to transform the Indonesian island of Bali into a 'Bitcoin Paradise', an advocacy group in the British Crown dependency of Jersey has announced similar plans to develop a 'Bitcoin Isle'. Bit.coin.je hopes that by encouraging businesses adoption and promoting a bitcoin-friendly regulatory environment, Jersey could become a vital hub for the digital currency, bringing together the island's highly-developed finance industry with its burgeoning digital sector. Robbie Andrews, co-founder of the campaign group, told CoinDesk: "We feel that Jersey is perfectly....