UK tax haven islands Jersey and Guernsey are stepping up their efforts to attract crypto and blockchain investors.
They're competing with territories like Bermuda and the Cayman Islands by offering favorable tax regulations.
As the financial world appears to have fallen out of love with bitcoin, the Channel Islands - a string of small British overseas territories - are quietly offering crypto investors incentives to move their money from more traditional tax havens.
Jersey and Guernsey - located off the French coast - are attracting crypto, blockchain, and other fintech firms thanks to their favorable tax laws.
Neither island has capital gains or inheritance tax, making them attractive locations for investment firms.
And even before crypto entered the mainstream, both islands had started competing for the booming asset class. Edmund Hatton, a fintech lead at Digital Jersey, told Insider he first noticed clients discussing bitcoin and crypto back in 2011.
Jersey has attracted firms...
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