Bitcoin Forum

Bitcoin => Press => Topic started by: tyz on October 25, 2015, 12:37:28 PM



Title: [2015-10-25] Island of Jersey to Soon Give Isle of Man a Run for Its Money
Post by: tyz on October 25, 2015, 12:37:28 PM
Island of Jersey, the self-governing parliamentary democracy in 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.

http://www.newsbtc.com/2015/10/25/island-of-jersey-to-soon-give-isle-of-man-a-run-for-its-money/


Title: Re: [2015-10-25] Island of Jersey to Soon Give Isle of Man a Run for Its Money
Post by: aso118 on October 25, 2015, 02:41:09 PM
Island of Jersey, the self-governing parliamentary democracy in 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.

http://www.newsbtc.com/2015/10/25/island-of-jersey-to-soon-give-isle-of-man-a-run-for-its-money/

More competition is welcome.
Even if it is the traditional "tax havens" which have digital currency friendly regimes at the starting, this will soon spread to other regular countries.


Title: Re: [2015-10-25] Island of Jersey to Soon Give Isle of Man a Run for Its Money
Post by: bryant.coleman on October 25, 2015, 04:24:04 PM
If I am not wrong, another one of the Channel Islands (Alderney) has plans to issue currency backed by Bitcoins last year. Not sure what happened to that proposal. But Jersey seems to be yet another Bitcoin-friendly place. Considering the difficulties faced by Bitcoin users in the United Kingdom, I would advise them to travel to Jersey, in case they need to do large transactions.


Title: Re: [2015-10-25] Island of Jersey to Soon Give Isle of Man a Run for Its Money
Post by: gentlemand on October 26, 2015, 01:15:54 AM
If I am not wrong, another one of the Channel Islands (Alderney) has plans to issue currency backed by Bitcoins last year. Not sure what happened to that proposal. But Jersey seems to be yet another Bitcoin-friendly place. Considering the difficulties faced by Bitcoin users in the United Kingdom, I would advise them to travel to Jersey, in case they need to do large transactions.

The Alderney plan got shut down by Guernsey who lords over it.

All of these places might be quasi offshore, but they're still somewhat dependent on UK banking. As far as I can tell plenty of IoM operations lost local  banking too when their UK daddies got wind of it.

Until all of that shit is sorted out this regulation will look lovely on the shelf but won't actually be much use to anyone.