The Clarity Project ICO receives consent from the JFSC

The Clarity Project team were ecstatic with the news that our #ICO issuing company received consent from the Jersey Financial Services Commission (JFSC) last Friday.

For those of you unaware, the JFSC issued guidance notes for ICOs on 12 July 2018 (https://www.jerseyfsc.org/media/1999/gn-ico-july-2018.pdf) and we are one of the first to receive consent following the issue of those guidance notes.

This is really great news for our ICO and the future of the Clarity project. I’m so proud of the entire team for all their hard work and, of course, our advisers for all their support and efforts.

We look forward to the next immediate stages; completing the KYC and sale software, receiving exemption from the US SEC for US accredited investors and launching the ICO. And then onwards, to the future of our platform and changing the way business is done forever!

The JFSC guidance note represents an innovative and balanced approach, enabling ICOs to be launched in Jersey with a number of controls in place to help reduce some of the risks associated with them. Whilst, under this framework, the JFSC does not regulate the ICOs or the companies that issue them, it does require the companies to satisfy certain minimum standards, undertake AML/CFT procedures, prepare and submit to the JFSC an Information Memorandum and to appoint an auditor and a regulated Trust and Company Service Provider to administer the company.

We’re a start-up that’s growing up!!