Fintech – Law And Practice

Chambers Global Practice Guide 2020: Fintech – Jersey: Law and Practice

1. Fintech Market

1.1 Evolution of the Fintech Market

Jersey has been a leading international finance centre for more than 50 years. Thanks to a forward-thinking approach, Jersey is at the forefront of wealth management, funds, capital markets and banking, plus the specialist areas of fintech, philanthropy and socially responsible investing.

Recently, Jersey has been at the forefront of innovation and disruption in the fintech sector, with the following initiatives:

• Electronic Communications (Jersey) Law 2000 – blockchain platforms operating in Jersey benefit from the Electronic Transactions (Jersey) Law, 2000 (Electronic Transactions Law) which confirms that, subject to limited exceptions, a contract cannot be denied legal effect, validity or enforce¬ability solely because the contract was made in an electronic form or by electronic means. The Electronic Transactions Law is