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Topic: [2014-07-11] BBC: Jersey approves first regulated Bitcoin fund (Read 1132 times)

legendary
Activity: 2156
Merit: 1132
Excellent news! Little appreciation goes Naver against this background
full member
Activity: 210
Merit: 100
★☆★ 777Coin - The Exciting Bitco
I think I remember reading somewhere that Bali was considering adopting policies along similar lines to Jersey.
legendary
Activity: 1610
Merit: 1000
Well hello there!
This is great news!  As more and more of these bitcoin islands of paradise pop up more and more bitcoin-oriented businesses will start leaving the stricter regulatory geographies for virtual paradises across the world.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
They really do  Cheesy. It's good to know that they got the go ahead. I remember reading a few articles a while back that mentioned Jersey could become a hub for bitcoin activity due to it's tax heaven situation. I'm sure there will be lots more bitcoin businesses getting involved with Jersey over the year.

yeah, that was only 2-3 weeks ago  Wink

Was it? Seems like longer than that. I think time moves fast in cyrptoworld. Can;t believe half a year has gone by already. I thought bitcoin would be twice the price it is now and have twice the merchants, though I think we're getting their slowly but surely on the merchant front.

crypto-time is 10times faster  Wink

the ecosystem needs time to grow. lets be patient.
hero member
Activity: 840
Merit: 509
They really do  Cheesy. It's good to know that they got the go ahead. I remember reading a few articles a while back that mentioned Jersey could become a hub for bitcoin activity due to it's tax heaven situation. I'm sure there will be lots more bitcoin businesses getting involved with Jersey over the year.

yeah, that was only 2-3 weeks ago  Wink

Was it? Seems like longer than that. I think time moves fast in cyrptoworld. Can;t believe half a year has gone by already. I thought bitcoin would be twice the price it is now and have twice the merchants, though I think we're getting their slowly but surely on the merchant front.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
They really do  Cheesy. It's good to know that they got the go ahead. I remember reading a few articles a while back that mentioned Jersey could become a hub for bitcoin activity due to it's tax heaven situation. I'm sure there will be lots more bitcoin businesses getting involved with Jersey over the year.

yeah, that was only 2-3 weeks ago  Wink
hero member
Activity: 840
Merit: 509
They really do  Cheesy. It's good to know that they got the go ahead. I remember reading a few articles a while back that mentioned Jersey could become a hub for bitcoin activity due to it's tax heaven situation. I'm sure there will be lots more bitcoin businesses getting involved with Jersey over the year.
sr. member
Activity: 270
Merit: 250
Jersey loves avoiding paying taxes lol.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Jersey approves first regulated Bitcoin fund

The Global Advisors Bitcoin Investment Fund (GABI) has been certified by the Jersey Financial Services Commission to run from 1 August.

Daniel Masters said Jersey's regulatory system meant major investors, such as pension and insurance companies, could invest in Bitcoin for the first time.

...

"For institutions there are no options right now," he said.

"This is institutional strength and it's an absolute world first."


http://www.bbc.co.uk/news/world-europe-jersey-28247796
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