---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "moneyval", "crypto_friendly"]
aliases: ["JE", "JEY"]
created: 2026-06-01
updated: 2026-01-10
compile_into: ["[[country--jersey]]"]
sources:
  - name: "JFSC"
    url: "https://www.jerseyfsc.org"
    type: "official"
---

# 🇯🇪 [[country--jersey|Jersey]] (JE) — Crypto Regulation

> Jersey maintains a crypto-friendly regulatory environment with established financial services laws and AML frameworks. The Jersey Financial Services Commission regulates virtual asset service providers under existing financial services legislation.

## Overview

| Field | Value |
|-------|-------|
| Status | crypto_friendly |
| Risk Score | 15/100 (Low Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--gbp|GBP]] |
| Adoption Rank | #20 |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 0% (no capital gains tax in Jersey) |
| Capital Gains (Corporate) | 0% standard rate (10% for financial services companies; 20% for utility/real estate/cannabis/large retailers; 15% MCIT for multinationals with >€750M revenue, effective FY2025) |
| VAT on Crypto | No |
| Mining Tax | No tax on small/irregular mining. Commercial-scale mining taxed as trading income at 20% personal income tax rate (or 0%/10% corporate rate). GST-exempt. |

No explicit crypto tax details provided on the regulator page.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--jfsc|JFSC]] |
| Framework | Proceeds of Crime (Jersey) Law 1999 as amended by Proceeds of Crime (Amendment No.6) (Jersey) Law 2022 (effective 30 January 2023); Financial Services (Jersey) Law 1998; JFSC Schedule 2 supervisory regime |
| Ease | medium |
| Cost | $20,000 - $150,000 |
| Timeline | 3-9 months |

Licensing is required for virtual asset service providers under the Financial Services Law and AML regulations.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | fsrb_only |

## DeFi

**Status:** unregulated

DeFi activities are not specifically regulated but fall under general financial crime and AML regulations.

## Stablecoins

**Status:** regulated

The JFSC published tokenisation guidance on 28 August 2024 that explicitly covers stablecoins. Stablecoins (tokens tied to a fiat currency) are classified as tokenised real-world assets, NOT as virtual assets. Issuers must: (1) be incorporated in Jersey; (2) work with a JFSC-licensed trust company service provider; (3) appoint a Jersey-resident principal-person director; (4) independently verify underlying assets within 3 months of year-end; (5) comply with full AML/CFT/CPF regime. The guidance requires AML checks on both issuance and redemption.

## NFTs

**Status:** no_rules

No NFT-specific regulation. Assessed under existing financial services legislation if they have investment characteristics.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.18/kWh |
| Renewable Energy | 30% |
| Climate | temperate |
| Infrastructure | good |

Mining is legal with moderate electricity costs and a good infrastructure environment. Renewable energy accounts for 30% of electricity supply.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 75/100 |
| Ease of Business | easy |
| Internet Freedom | free |
| Banking Access | open |

## Enforcement

JFSC has taken action against unregistered entities and enforced AML compliance requirements.

## CBDC Status: none

## FAQ

### Is cryptocurrency legal in Jersey?

Jersey maintains a crypto-friendly regulatory environment with established financial services laws and AML frameworks. The Jersey Financial Services Commission regulates virtual asset service providers under existing financial services legislation.

### What is the FATF status of Jersey?

Jersey is classified by FATF as: fsrb_only.

### Are VASPs licensed in Jersey?

Yes, licensing is required for VASPs.

### What is the AML/KYC regime in Jersey?

KYC is mandatory for crypto businesses. Travel rule threshold: EUR1000.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-06-01.*

**Sources:**
- [JFSC](https://www.jerseyfsc.org)