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HomeCryptoGuernsey Submit plan for cryptocurrency stamps scrapped

Guernsey Submit plan for cryptocurrency stamps scrapped

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Guernsey Post Billy and Nanny - the Golden Guernsey Goats pictured on two separate stamps.Guernsey Submit

The gathering was initially resulting from be launched on 24 July

Guernsey Submit has referred to as off the deliberate launch of cryptocurrency stamps after issues had been raised by the monetary regulator.

It stated the stamps didn’t meet the necessities of the Lending, Credit score and Finance (Bailiwick of Guernsey) Regulation 2022.

The postal service stated the Guernsey Monetary Providers Fee thought of the gathering to be a digital asset.

That includes Billy and Nanny the golden Guernsey goats, the gathering was initially resulting from be launched on 24 July.

Guernsey Submit stated the stamps would as a substitute be launched as a miniature sheet containing two conventional postage stamps.

Boley Smillie, chief government of Guernsey Submit stated: “Our proposed crypto stamps have been thought of to be a digital asset by the Guernsey Monetary Providers Fee and which means they might be unlikely to licence Guernsey Submit for the sale of the sort of product.

“Sadly, this opinion was not according to the authorized recommendation that we acquired on the matter, however we’ve chosen to launch the Guernsey goat stamps otherwise.”

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