UK ‘Bitcoin Isle’ Amends Law for Digital Currency Exchanges

UK ‘Bitcoin Isle’ Amends Law for Digital Currency Exchanges

The government of Jersey, an autonomous island and a dependent of the British Crown, is set to introduce new regulation for digital currency exchanges. Legislators of the State of Jersey, a British Crown dependency are amending laws to regulate digital currency exchanges in the island that is seen as a tax haven and an attractive destination for Fintech services and companies. Fundamentally, the new law will see bitcoin- and cryptocurrency exchanges feel more stringent regulations when they grow bigger. The new legislation, titled “Proceeds of Crime (Supervisory Bodies) (Virtual Currency....


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