Jersey Finance welcomes virtual assets regulatory amendments

Mark Battersby
clock • 1 min read

Jersey Finance has welcomed new regulations which came into force this month (1 September), designed to bolster Jersey's anti-money laundering framework and strengthen its position in facilitating high quality digital assets business. The new regulations, which were approved in July this year following a public consultation, introduce a ‘travel rule' for businesses undertaking the transfer of digital assets - Virtual Asset Service Providers (VASPs) and Money or Value Transfer Services (MVTS). Under the new rules, which align Jersey's anti-money laundering and financial crime framework...

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