Bitcoin may come to Guernsey
Wednesday 9th October 2013, 10:25AM BST.
GUERNSEY’S financial services regulator is being encouraged to consider the regulation of the electronic currency Bitcoin in a ground-breaking project.
Toby Birch, pictured, who runs bullion firm Guernsey Gold and describes himself as an adviser on megatrends, is working with UK contacts on the project.
He hopes it will launch before the end of the year but in the meantime he wants to keep it largely under wraps.
The project will have to be subject to regulatory approval before it can come to fruition.
Mr Birch’s plans involve combining gold with Bitcoin to monetise metals – ‘melding the best of ancient and modern money’, as he described it.
‘We are on the very edge of a new era of disruptive technologies,’ said Mr Birch.’