Initial coin offerings (ICOs) will be allowed to be launched in Jersey, according to a guidance note issued by The Jersey Financial Services Commission (JFSC).

The guidance note addressed the issue of ICOs activity, and was developed in consultation with the Jersey Government and the financial services industry.

It states that ICOs can be launched with a number of controls in place to help reduce some of the risks associated with them, representing an innovative and balanced approach to the treatment of this activity.

Under this framework, the JFSC does not regulate the ICOs or the companies that issue them, but it ...