Jersey to introduce ‘light touch’ Bitcoin regulation

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The virtual currency legislation will make it easier for companies dealing in Bitcoin to operate

Jersey’s government is to introduce “light touch” regulation for virtual currencies, according to the assistant chief minister.

Senator Philip Ozouf announced the new legislation at the island’s first finance technology conference.

The government has been working on the legislation for about 18 months and focused on protecting against money laundering and financial crime.

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Read more ... source: TheBitcoinNews