Isle of Man Welcomes Cryptocurrency

Isle of Man is a small British island that is well known all over the world, for their licensing of the biggest poker, casino and sports betting sites in the world. Now it seems that they want to take over the cryptocurrency industry as well, as they have just announced that there is no need for licensing to operate there.

If the Isle of Man could become the hub of cryptocurrency in the Europe, it would leave plenty of space to do the correct framework and long term create licenses that could work similar to those of the gambling industry. Doing so would help stabilize the cryptocurrencies as well as to ensure that Mt.Gox scandals would not be able to happen again.

Isle of Man is also a great place for cryptocurrency companies, based on their low tax and their world class DDoS protection. Due to these facts, upwards of 15 of the bigger crypto exchanges are considering moving their operations to Isle of Man, as it would make a lot of sense business wise and security wise for them.

On April 1st there will be a meeting between 30 people from Isle of Man, who has an interest in Bitcoins and other cryptocurrencies. They will talk about how they can work together in their respective sectors and establish the best possible playground for Bitcoin companies and exchanges. 

Daniel Allermand

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.  

Recent Posts

Professional investors skeptical about Bitcoin, a recent Bank of America survey says

Bank of America recently asked 200 professional investors with $533 billion in assets under management for their opinions on Bitcoin.…

3 days ago

AXA Switzerland now offers Bitcoin as a payment method

Insurance provider AXA Switzerland announced that its Switzerland customers will now be able to pay their bills in Bitcoin (BTC).…

3 days ago

DOGE “to the moon” as Robinhood faces more scrutiny

After yet another phenomenal rally surging 114% in the last 24 hours, Dogecoin (DOGE) hit an all-time high of $0.29.…

3 days ago

“Bitcoin’s peak volatility is right on track to drop below fiat volatility”

There will come a time that Bitcoin will be less volatile than fiat money as money is being redefined. And…

4 days ago

GoldMan Sachs watching Bitcoin’s every move

Goldman Sachs is keeping a close eye on Bitcoin. In an earnings call on Tuesday, the bank’s Chief Executive Officer,…

4 days ago

Coinbase’s COIN is Live on Nasdaq, while Bitcoin and Ethereum jumped to new all-time highs

After months of intense build-up towards their big day, Coinbase finally listed on the Nasdaq with ticker COIN. And the…

4 days ago