JTC has provided corporate services to the world’s largest cryptocurrency exchange, Binance, for the launch of its Jersey platform, while Carey Olsen provided legal and regulatory advice for the launch.
Binance Jersey will provide secure and reliable sterling and euro to cryptocurrency (Bitcoin and Ethereum) exchange, giving investors in Europe and beyond easy access to the evolving cryptocurrency market and an alternative to standard currency (fiat) exchange.
JTC provided a range of specialist services to ‘incubate’ Binance Jersey ahead of its live launch, with a focus on bespoke technical compliance services that ensured Binance Jersey would be fully compliant with the island’s virtual currency exchange regulations.
JTC also provided director, administration, accounting and bookkeeping services. Now that the exchange is live, JTC will continue to provide services to Binance Jersey as it seeks to develop its presence on the island.
The Carey Olsen team was led by Partner Chris Griffin, assisted by Holly Brown, Daniel Burridge and Tarina Le Boutillier. Counsel Huw Thomas and Adele Browne also advised Binance on the data protection elements involved.