The Jersey Financial Services Commission (JFSC) has warned of “misleading” statements suggesting that the JFSC regulates certain Initial Coin Offerings (ICOs).

The JFSC said it was issuing a statement to clarify the regulatory treatment of ICOs and to ensure that the public are fully aware of the role of the JFSC in respect of such ventures.  The JFSC explained that most jurisdictions do not regulate ICOs.

However, just like any other Jersey company raising capital through the issuance of shares, a Jersey company issuing digital coins or tokens from Jersey would need to obtain a consent (Control of Borrowin...