Fintech 2023

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.

Recent Jersey initiatives have spearheaded innovation and disruption in the fintech sector, with the following examples.

• Blockchain platforms operating in Jersey benefit from the Electronic Communications (Jersey) Law 2000, which confirms that, subject to limited exceptions, a contract cannot be denied legal effect, validity or enforceability solely because it was made in an electronic form or by electronic means. The Electronic Communications Law is technology agnostic and can be applied to all forms of digital technology.