[2015-10-21]Jersey Government Plans to Regulate Digital Currency in 2016

[Blawpaw]

Jersey Government Plans to Regulate Digital Currency in 2016

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...

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http://www.newsbtc.com/2015/10/21/jersey-government-plans-regulate-digital-currency-2016/

[RustyNomad]

What they have in mind does not sound unreasonable and if implemented as described it might give the added confidence to the markets they envision.

The problem with most regulations however is that it never just stays at the initial regulations. They will most often than not find other areas which also requires some regulations leading to additional regulations and soon the whole industry is smothered under a pile of regulations.