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JERSEY is so many things to so many people, and this week’s Crypto Corner focuses on whether adding crypto to the list would serve the Island.
Jersey has had no shortage of opportunities to let its crypto light shine, but uncertainty in the US, with what would become known as Choke and Choke 2.0 (seen by many as a regulatory clampdown on crypto and its future) meant that Jersey, as an international finance centre and regulated jurisdiction with the Moneyval stripes to prove it, decided to take a cautious approach to crypto to avoid upsetting the equilibrium of the financial services offering and the Island’s reputation for a certain class of business, as you would expect of any IFC. However, with the new pro-crypto Trump administration and a frenzy to be crypto-ready in the UK, crypto has been cleansed of its once problematic narrative and recognised as a force that can be complementary to well-regulated IFCs.
With Moneybrain, Jersey has a golden opportunity to lead from the front and be seen on the global stage as a pro-crypto, pro-innovation, pro-change jurisdiction. Change comes in waves, and if you miss the wave, you will be waiting for the next. That’s why Moneybrain believes in a pro-crypto Jersey that is seen as a leader on the global stage.
The time is now
The time is now to be bold and make a change. Jersey has the players in the Island to make crypto a well-respected addition to its repertoire of financial instruments and offerings. Jersey is well positioned as an IFC to become a leader in the crypto space but the race is afoot and there is no time for inertia.
Moneybrain’s BiPS token and stable coins in GBP, USD, EURO and AUSD open up much opportunity for Jersey to embrace crypto at the settlement level. We, at Moneybrain Corporate, are just a coffee meet away from helping you and your business to realise crypto opportunities.
