blog.gov.jeTo its supporters cryptocurrency (or virtual assets, aka VAs) is a brave new world, a digital asset that exists across computer networks, outside the control of governments and central authorities, bringing cheaper and faster money transfers for those otherwise excluded from the financial system. To its detractors it is a bubble waiting to burst, or … Read more Risky (virtual asset) business?
Category: Economy
Risky (virtual asset) business?
Protecting non-profit organisations from criminals and terrorists
While the NPO sector presents medium to low risk of being abused or misused for terrorist financing, the law has been updated with the aim of protecting them from the risk.
Russian sanctions: can you sanction Crypto?
Sanctions imposed by the UK and Jersey against entities and individuals in Russia and Belarus apply to cryptoassets (see the OFSI, FCA and Bank of England Joint statement ). Which leads to the question: When is an asset a cryptoasset? The simple answer – which may not help a great deal – is that there … Read more Russian sanctions: can you sanction Crypto?
Russian sanctions: the impact so far
The economic measures imposed on Russia following the invasion of Ukraine last month are already the largest package of sanctions ever imposed against a G20 nation, and there are more to come. Before the invasion, more than 250 Russian individuals and entities were designated for an asset freeze. In the week afterwards, a little over … Read more Russian sanctions: the impact so far
Increase Your (Financial) Intelligence
How do you catch criminals? More exactly, how do you catch people using the financial system to shift, grow and conceal criminal assets? First, you have to know what they’re doing. A proposal lodged this week will, if approved by the States of Jersey (the Island’s Parliament), boost our ability to track those trying to … Read more Increase Your (Financial) Intelligence
Stable, transparent and well-regulated: maintaining Jersey’s international reputation
Posted on — Categories Brexit, Economy, External Relations, Finance
A key policy objective of the Government of Jersey is to ensure that the Island’s interests are represented at an international level. By developing our relationships with UK, European and international bodies we reinforce the message that Jersey is a cooperative partner, a good neighbour and, as an international finance centre, a well-regulated jurisdiction complying … Read more Stable, transparent and well-regulated: maintaining Jersey’s international reputation
High Value Residents bring economic benefit to Jersey
Jersey first introduced a special tax regime for High Value Residents in 1970 to ensure that wealthy incomers to the island brought with them economic or social benefit. Since then the scheme has been amended a number times, most recently in 2011. The aim then was to try to attract people who would move their … Read more High Value Residents bring economic benefit to Jersey
Is a decent standard of living affordable in Jersey?
Whatever your reason for being or staying in Jersey, it’s important to protect the things that make the Island special – we want it to be a great place to live, socialise, grow up and belong; a place where community and people matter. We asked Islanders about these important issues in our recent My Jersey online survey, … Read more Is a decent standard of living affordable in Jersey?
Funding a new hospital for Jersey
It seems like we have been talking about a new hospital for a long time. Do we need it? Where should it go? How much will it cost? I am convinced that we do need a new hospital. The existing building has developed piecemeal over many decades and its physical condition, assessed in an independent survey, … Read more Funding a new hospital for Jersey
Control of Jersey’s borders
Posted on — Categories Brexit, Economy, Employment, External Relations, Housing, Tags Immigration, Population
For centuries many Jersey people have left the Island to live elsewhere. Conversely, others from many countries have come to Jersey to work in different industries, or to seek refuge. Thousands of French Protestant Huguenots came here in the late 17th and early 18th centuries to escape persecution in France. Then Irish workers came, to … Read more Control of Jersey’s borders