|Jun 13, 2018 01:07 PM||By: Guest Author | 9536 Views|
Digital Jersey will give all-around supports in crypto exchange and blockchain ecosystem development in Jersey.
“Jersey is one of the first countries in the world to clarify the legal position of cryptocurrency exchanges in 2015. We can provide a permissive sandbox for innovative crypto businesses to thrive without moving away from the generally high standards of regulation that apply in our jurisdiction. We look forward to collaborating with Binance to develop their exchange in Jersey, deliver blockchain training as part of our digital skills programme and support the growth of new start-ups in this area,” said Tony Moretta, CEO of Digital Jersey.
Binance is also happy with the financial confidence and the highly developed digital foundation of Jersey. The management and monetary authorities of Jersey recognize the potential of distributed ledger technology and will together to boost the development of this Fintech in the island.
Zhao Changpeng, CEO of Binance intimated that “We have chosen Jersey to be the next big step in our global expansion strategy for its clear and pro-crypto investment and regulatory environment. With its local economy based on a major currency (GBP) and its proximity to the UK and Western Europe, we are confident the cooperation with Jersey will not only benefit the local economy but also form a strong operational foundation for our expansion into the rest of Europe.”
According to a proper announcement, Digital Jersey and Binance Foundation are to jointly establish complete Fintech tutorial schemes which involve distributed ledger technology, artificial intelligence (AI) and administrative agreement.
Binance Labs will also invest $100 million in Jersey-based blockchain startups to promote the local digital market and makes Jersey become the different digital center in the class.