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New horizons for digital currency sector

by isleofman.com 5th January 2015
This year is set to see the Island's cryptocurrency business cluster expand - when the Manx authorities finalise regulation of the industry.
The 2008 Proceeds of Crime Act is being amended, to prevent digital currency firms being used for money laundering or terrorist financing.
Also, a new bill requiring them to comply with Financial Supervision Commission rules is due to become law by the summer.
The Department of Economic Development's Peter Greenhill has a key role in fostering the new sector.
He says the Island's on track to provide the industry with a business-friendly, but well-regulated framework:Clip 1
Posted by isleofman.com
Monday 5th, January 2015 07:16pm.

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