Jersey seeks public opinion on how it should regulate bitcoin

Regulation | July 10, 2015 By:

On Thursday, July 9, The Government of Jersey has opened a consultation period to seek public opinion on whether it should regulate virtual currencies such as bitcoin.

Senator Philip Ozouf, Jersey’s assistant chief minister said, “Virtual currency systems represent a new and empowering technology. This consultation will allow us to take into account a wide range of views when putting in place an appropriate and proportionate regulatory environment.”

“This is about creating a modern digital economy that encourages innovation and the creation of jobs and growth whilst protecting Jersey from the unacceptable use of virtual currency,” Ozouf added.

The consultation period will close on 7th August.