Isle of Man to Focus on Blockchain for the Nation’s FinTech
Known as the Bitcoin Island, the Isle of Man is turning its attention to blockchain to boost its FinTech and digital payments sector as it continues its efforts at establishing digital businesses on the island. After the Isle of Man’s Gambling Supervision Commission (GSC) and Treasury approved changes to the island’s gambling regulation last year, allowing currencies such as bitcoin to be accepted as cash, the island is hoping the adoption of blockchain applications will give the island the push it needs to further establish itself. Brian Donegan, from the Isle of Man Government Department....
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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....
The Isle of Man wants to become a leading Bitcoin hub and attract digital fintech businesses, entrepreneurs and developers, Business Insider reports. The government of the tiny island is about to pass a new regulatory framework to create a true paradise for digital currencies. The Isle of Man is a self-governing British Crown dependency located in the Irish Sea between the islands of Great Britain and Ireland. While the United Kingdom is responsible for the island's defense and foreign policy, the local parliament and government have power over all domestic matters. Business regulations....
The Isle of Man government is researching and developing blockchain technology to create synergy with the Internet of Things (IoT) concepts. Isle of Man and Credits Will Develop Blockchain Prototype for IoT. The Isle of Man, a self-governing Crown dependency located in the Irish Sea, has always been very progressive when it comes to Bitcoin and....
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....
With the current focus on collaboration between financial institutions and Fintech companies, an exciting future awaits. It is not unlikely banks will work together with OnChain at some point. It is always positive to see blockchain companies being labeled as a “top fintech company”. A new list of 50 top fintech businesses, released by KPMG, mentions OnChain. This particular company offers enterprise-grade multisignature Bitcoin wallet API services. An innovative solution, as they secure Bitcoins on behalf of some of the world’s leading cryptocurrency enterprises. Bitcoin and OnChain Are A....