Business Creation in the Spotlight at Crypto Valley Summit on the Isle of Man
If you want to introduce your currency to the world of finance, the Isle of Man’s financial center is an excellent place to begin. The fact that the Isle is essentially separate from the UK concerning financial issues makes it the perfect venue for the Crypto Valley Summit. The event is being fully supported by the Isle of Man government, lead sponsor KPMG, and representatives of the private sector. "The Isle of Man is 'Digital Currency friendly.' There is strong government support for quality companies moving here and the Crypto Valley Summit will be the first of many specialized events....
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Lieutenant Governor and the British Queen's personal representative Adam Wood is set to headline the first annual Crypto Valley Summit on the Isle of Man next month. The event, set for 17th and 18th September, will spotlight a diverse crowd of bitcoin thinkers, government representatives and business leaders will include BTC China founder and CEO Bobby Lee, House of Keys Member John Shimmin and GoCoin CEO Steve Beauregard. Discussions will focus on local regulation, adoption within the community, and the unique challenges that startups may face in the local economy. Peter Greenhill,....
The second country that we will take a closer look at is the Isle of Man. The Isle of Man is nestled between Ireland, England,Wales and Scotland. It has been a haven for online gambling companies for a couple of years now. However The Isle of Man is looking toward the future like an open minded country should. There has been quite a storm about the Isle of Man’s decision to become a “pro digital currency”. Some have condemned this choice, while others applaud the innovative aspect and calling this step a “historical” one for digital currencies and Bitcoin in particular. To celebrate and....
Crypto Valley Summit, a two-day conference aimed at launching the Isle of Man as a prime location for bitcoin businesses, kicked off today in the wake of news that threatened to undermine its central goal. Just one day before the conference of more than 200 attendees began, a firm providing banking facilities to bitcoin businesses on the island announced it would close those accounts under pressure from its partner banks. Still, the event was opened resiliently by the Isle of Man's Lieutenant Governor, Adam Wood, who extolled the island's ability to take advantage of a rising interest in....
The big news from Crypto Valley Summit's closing day was that the Isle of Man is currently considering whether to allow residents the ability to pay their government bills, including income and other taxes, with bitcoin. The announcement was made during the event's closing speech by Chris Corlett, chief executive of the government's Department of Economic Development, which is in charge of setting policy on economic and jobs growth on the island. Corlett said: "We are considering what services we can deploy to allow these emerging payment types as part of our portfolio. We are seeking....
The Isle of Man's Department of Economic Development announced it's plans to bring regulations into the Bitcoin space that would help protect businesses and customers using digital currencies. "Our stance is intended to welcome those who can meet the necessary standards while also preserving the Island's good reputation as a financial centre." - Peter Greenhill (Isle of Man's Department of Economic Development Director of E-Business Development). The Isle of Man is choosing to recognize Bitcoin as property instead of currency and apply appropriate AML (anti-money laundering) controls to....