Jersey’s Financial Services Commission (JFSC) has published a list of registered virtual asset service providers, In line with recommendations from the Financial Action Task Force and to support the adoption of the extended Wire Transfer Regulations (Travel Rule).
This virtual asset service providers (VASPs) list is to be maintained on the JFSC website in the same way that regulated entities (as defined under Article 2(1) of the FS(J)L 1998) are currently listed. VASPs are listed under a separate tab so they are not confused with fully regulated entities.
The JFSC will list only the name of the VASP entity and the licenses held. The VASP’s business address will not be included in the public list.
Consistent with the JFSC’s responsibility to work closely with fellow regulators and international lawmakers, the Travel Rule is one way they are raising regulatory standards in the virtual assets sector. In June 2023 targeted update on the implementation of the FATF standards on virtual assets and virtual asset service providers, the Financial Action Task Force stated that “jurisdictions are encouraged to maintain and publicise information on VASPs that are registered or licensed in their jurisdiction”.
A VASP includes a natural or legal person or arrangement that carries on the business of conducting one or more of the following activities or operations to, for, or on behalf of, another natural or legal person or arrangement:
- exchange between virtual assets and fiat currencies
- exchange between one or more forms of virtual assets
- transfer of virtual assets
- safekeeping or administration of virtual assets or instruments enabling control over virtual assets
- participation in and provision of financial services related to an issuer’s offer and/or sale of a virtual asset
The list of registered virtual asset service providers as at 15th May 2024 is:
- Checkout Payments Jersey Limited
- CoinShares (Jersey) Limited
- CoinShares Capital Markets (Jersey) Limited
- CoinShares Digital Securities Limited
- Elwood Capital Management Limited
- Komainu (Jersey) Limited
- Metaverse (Radix) Limited
- Moneybrain Global Limited
- One.io Jersey DA Limited
- Republic Markets Jersey Limited
- Republic Node Jersey Limited
Publication of the list will enable VASPs in other jurisdictions to easily identify Jersey VASPs, which are required to share prescribed sender and recipient information under the Travel Rule.
Other jurisdictions, including the UK, have live lists of registered cryptoasset firms.
