Posted Tuesday 2nd December 2014

Comment on recent coverage re Bitcoin Business in Jersey

Paul Masterton, Chairman of Digital Jersey comments following the recent coverage regarding the banking facilities of a local company that provide a regulated Bitcoin fund.

Comment on recent coverage re Bitcoin Business in Jersey

“It would not be appropriate for Digital Jersey to comment on the details of a specific business relationship, but as an industry we remain entirely supportive of good quality cryptocurrency business. The recently launched regulated Bitcoin fund was an innovative, world first for Jersey and this type of enterprise will inevitably become more common as the development of FinTech gathers pace.  Jersey offers a well-regulated environment where we have a unique opportunity to enable cryptocurrency business of the highest international standards – we must support this. Next year our plans include bringing together a working group, including the Jersey Financial Services Commission, Jersey Finance, Government and Industry to agree an agenda for cryptocurrency development in Jersey and more broadly Fintech."