World’s first regulated Bitcoin fund analysed

Author: Gemma Varriale | Published: 21 Jul 2014
The world’s first regulator-approved Bitcoin investment fund is about to open its doors for business in Jersey. While the self-governing island is keen to position itself as a Bitcoin hub, launching the exchange presented supervisors with some difficult decisions.

Known as Global Advisors Bitcoin Investment Fund (GABI), the fund is a Jersey-regulated open-ended investment fund.

The fund benefitted from high-level government support, and Digital Jersey which is supporting the island’s emerging digital finance industry.

Nevertheless, Bitcoin is a new asset class, which is growing and changing all the time. "That brings inherent risks from the Jersey Financial Services Commission’s [JFSC’S] perspective," said Carey Olsen partner...



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