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Cryptocurrencies

The Isle of Man continues to embrace and nurture this emerging and fast-paced sector. The proactive stance of the government supports the quest to become the jurisdiction of choice for cryptocurrency businesses.
5th February, 2018

A number of key industry players have already chosen the Island as their preferred choice, with some 25 crypto companies calling the Isle of Man home.

The government has long expressed the desire to develop permissive legislation designed to encourage growth in blockchain and cryptocurrency industries.

Why the Isle of Man?

The Island has a permissive regulatory framework designed to encourage initial coin offerings and is actively encouraging growth in the sector. All cryptocurrency businesses have to formally register with the government and submit to inspection by the Isle of Man Financial Services Authority.

The Island has a world class infrastructure, bandwidth and power resilience together with excellent data hosting facilities.

There is an experienced and skilled cluster of service providers, advisers, software and IT providers together with an experienced and qualified work-force.

To read more about cryptocurrencies please click here.

Business development

Lee Hills
Lee Hills
Business Development Isle of Man