Isle Of Man Welcomes GreenCoinX Cryptocurrency
The Isle of Man government has welcomed GreenCoinX, an identifiable cryptocurrency which is 80 percent owned by Toronto, Canada-based GreenBank Capital Inc. "We welcome the decision by GreenCoinX to establish its operations in the Isle of Man which reinforces our position as leading the way in the digital currency sector," said Isle of Man Chief Minister Allan Bell MHK. GreenCoinX has opened its European marketing and international treasury office in Douglas, Isle of Man, and has engaged the services of Alan Molloy as CEO of its Isle of Man operations. Molloy previously served as managing....
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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....
GreenCoinX has announced the launch of its affiliated cryptocurrency exchange SiiCrypto. It meets government standards and alleviates concerns about crooks and terrorists. Users to be identified before usage. According to the Chairman and CEO of Greenbank Capital Inc, Danny Wettreich, SiiCrypto is a commission-free and safe exchange specializing in trading GreenCoinX, the world’s first and only cryptocurrency that requires users to be identified before usage. Wettreich also claims that all SiiCrypto client funds are held by ILS Fiduciaries (Switzerland) Sarl., and client assets cannot be....
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....
R Paul Davis is Group General Counsel for the Counting House Services group of companies, headquartered in Canada, and lives and works in the Isle of Man. A Canadian barrister and solicitor, his practice is specialized in international payments law and technology. The Isle of Man seems to be setting itself up as a hub for bitcoin-related businesses. The self-governing British Crown dependency is already appealing to conventional businesses and wealthy individuals, and the latest indications are that this fiscally liberal environment will be extended to cryptocurrency-related activities as....
The Isle of Man has been quite open to any company or individual looking to venture into the world of Bitcoin and cryptocurrency. CoinCorner is the first company in the region to achieve Designated Business Status as the company is now officially licensed. The Isle of Man has introduced an Act in October of 2015, which would ensure companies in the area....