World's First Identifiable Cryptocurrency To Begin Operations At Isle of Man

World's First Identifiable Cryptocurrency To Begin Operations At Isle of Man

GreenCoinX Inc, which is the developer of the world's first identifiable cryptocurrency 'GreenCoinX', has announced that it is going to start its operations in the Isle of Man as it has been welcomed by its government. The startup is a subsidiary of GreenBank Capital Inc, which is a Canadian publicly listed company (CSE: GBC), and has highlighted that it has been able to remove the biggest obstacle that has so far hindered the adoption of cryptocurrency at a larger scale, i.e., anonymity. It claims that the currency identifies users and further helps in the collection of optional taxes by....


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Quotes

The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.

Satoshi Nakamoto, Bitcoin Developer