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Regulation of virtual currency

DepartmentChief Minister's
Start date09/07/2015
End date07/08/2015
Type of consultationOther
Deadline for comments07/08/2015

About the consultation

​We want your views on how virtual currencies, eg Bitcoin, should be regulated.

Virtual currency systems can be significant building blocks of a modern digital economy. The introduction of an appropriate and proportionate regulatory regime in this area is intended to encourage confidence and innovation in the sector.

The creation of a business-friendly framework that encourages innovation, jobs and growth in both the financial services and digital sectors is a priority for the Government of Jersey.

The consultation paper sets out:

  • the most prominent money laundering and terrorist financing risks associated with virtual currencies 
  • available options for regulation
  • approaches adopted by other jurisdictions
  • the views of leading organisations
  • the possibility of adopting a standard for ‘distributed ledger’ technology (including block-chain technology) 
  • the possibility of potential future pan-Channel Island work

Download regulation of virt​ual currency consultation document (size 579kb)

Public meeting dates

​There will be a consultation seminar in the Town Hall, St Helier on Monday 3 August 2015 from 12 noon until 2pm.

If you want to attend, you'll need to book a free ticket.

Book your ticket to the regulation of virtual currency consultation seminar on the Eventbrite website

How to submit comments to the consultation

​We want to hear from individuals and businesses that interact with virtual currency or who are likely to interact with virtual currencies.

You can respond to the consultation paper online, in writing or by email. 

Send your responses to:

Regulation of Virtual Currency Consultation
5th Floor, Cyril Le Marquand House
The Parade
St Helier
JE4 8QT
+44 (0) 1534 448839

Email George Pearmain

Complete the survey on SurveyMonkey

Responses to the consultation

​You can find a policy paper on virtual currency below.

Download policy paper on regulation of virtual currency (size 502kb)

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