News Digital Isle of Man unleashes blockchain office and sandbox...

Digital Isle of Man unleashes blockchain office and sandbox – FinTech Futures

-

- Advertisment -

Digital Isle of Man has unveiled a blockchain office and sandbox to help firms cope with the current (and future) regulatory landscapes.

We're here!

We’re here!

If you don’t know, the Isle of Man is a self-governing British Crown dependency that sits between Ireland and England.

The office and sandbox are the island’s plan to become an international hub for blockchain businesses.

Lyle Wraxall, CEO of Digital Isle of Man, says: “The Isle of Man is making a firm commitment to be a fully supportive jurisdiction for the blockchain industry. We are looking to attract premium blockchain businesses and the world’s top exchanges to the Island, and we will be creating new tech-agnostic regulation inspired by best practice that we’ve seen from other high-quality jurisdictions around the world.”

The primary function of the office will help dialogue between businesses and regulators, and to help blockchain platforms design and future-proof their concepts in accordance with relevant legislation and regulation.

Through the office, businesses will be able to apply to participate in the sandbox and test out their ideas and creations.

Applications for the sandbox will open from March 2019, with the office fully functional in the spring. Early participants will not be charged fees for the facility.

The island has already been active in this sector. It has been home to exchanges since 2013, and is the headquarters of blockchain businesses including CoinCorner, Quanta, Luckbox and Qadre.

You can get more info on the office and sandbox here.

source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

5 of the Best Crypto Jobs Sites

The cryptocurrency and blockchain job market has exploded. With new blockchain start-ups and projects being founded at...

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued at anything or just a few cents anyone could join...

My 5 favorite free crypto tools & sites I use daily

So I often get asked by friends, or people visiting my site about new tips for exciting...

Cryptocurrency is The Last Kingdom Where You Can Keep Your Data Private

Data privacy has been a hot topic for quite some time now and particularly after the popularity...
- Advertisement -Digital Isle of Man unleashes blockchain office and sandbox – FinTech Futures

How To Travel With Bitcoin: 9 Travel Companies Accepting Bitcoin

Bitcoin travel is a reality, as several travel companies now accept payments in cryptocurrencies for their services.

Top 5 Ways To Build a Profitable Business in The Crypto Sector

The crypto industry has grown significantly despite criticism and a skeptical approach from regulators across the globe....

Must read

5 of the Best Crypto Jobs Sites

The cryptocurrency and blockchain job market has...

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued...
- Advertisement -

You might also likeRELATED
Recommended to you