Could Jersey Rival Bali as the Next Bitcoin Island?
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....
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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....
The island of Jersey is a pleasant, tranquil place known for its rocky beaches, soothing waves, and oh yeah… It’s loose tax regulations and growing Fintech arena. Over the past two years, arrays of financial and tech-related companies have looked to Jersey as a potential home thanks to its limited regulations regarding bitcoin and digital currencies, but all that is about to change. Presently, there are nearly two dozen established companies and businesses on the island of Jersey that accept bitcoin as a method of payment. Since October of last year, Jersey has expressed its desires to....
Tourists traveling to the tropical holiday island of Bali would "only need to bring bitcoin" under a new initiative called 'Bitislands' that is aiming to convince all local businesses to accept the digital currency, including money changers. While there are several moves to create 'Bitcoin Boulevards' around the world in certain neighborhoods, this is the first attempt to convert an entire island. The social experiment is sponsored by Bitcoin.co.id (also known as Bitcoin Indonesia), Indonesia's largest exchange and bitcoin lobby group. Bitcoin Indonesia's co-founder and CEO Oscar Darmawan....
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....