By Christopher Gri

In 2014 Jersey stole a march on its competitor jurisdictions as a crypto friendly jurisdiction when the Island’s regulator, the Jersey Financial Services Commission (JFSC), approved the launch of the world’s Êrst regulated bitcoin investment fund, GABI Plc. At the time, bitcoin was far less well known and was regarded by the mainstream as a fringe asset class.

At the time, bitcoin was far less well known and was regarded by the mainstream as a fringe asset class. GABI’s regulatory approval as a Jersey Expert Fund was regarded by many industry commentators as a statement of intent from the Island.