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Jersey’s GABI bitcoin fund slated to launch tomorrow

Posted on 31st July, 2014

The tiny island nation of Jersey is set to launch a new bitcoin-backed fund tomorrow. The Channel Islands’ Financial Services Commission approved the Global Advisors Bitcoin Investment Fund (GABI) earlier this month, opening the door for the fund. Unlike traditional bitcoin purchases, GABI will be available to institutional investors, such as pension funds, insurance companies […]

Bitcoin-backed investment fund approved in Jersey

Posted on 11th July, 2014

The tiny Channel Island made big noise in the bitcoin world today, as the nation’s Financial Services Commission gave final approval to the Global Advisors Bitcoin Investment Fund (GABI). The fund, created by the commodity-focused Global Advisors hedge fund company, appears to be the first of its kind in Europe. The fund will allow institutional […]

British dependency Jersey wants to become a “Bitcoin Island”

Posted on 23rd June, 2014

With a population of just under 100,000, you might not expect that the tiny island of Jersey would be a major hub for international business. Yet, almost half of the island’s £3.7 billion annual national income originates in the financial services sector. Like many self-governing island nations, Jersey has made an industry of creating very […]