Digital Digest: The Latest Tech News - JTC, Binance Jersey

Editorial Staff

21 January 2019

JTC
JTC, a provider of fund, corporate and private wealth services to institutional and private clients, has provided corporate services to the world’s largest cryptocurrency exchange, Binance, for the launch of its Jersey platform, along with Carey Olsen who provided legal and regulatory advice for the launch.

Binance Jersey will provide sterling and euro to cryptocurrency exchange.

JTC said in a statement last week that it provided a range of services to incubate Binance Jersey ahead of its live launch, concentrating particularly on technical compliance services to make sure that Binance fully matches the island’s virtual currency exchange regulations. JTC also provided director, administration, accounting and bookkeeping services.

Binance signed a memorandum of understanding with Digital Jersey in July 2018, aiming to launch Binance Jersey.