Isle of Man Starts to Explore Bitcoin Opportunities

12 June 2014

Bitcoin casino software buyers might like to know that the Isle of Man government has decided to start developing a regulatory framework that would legalize digital currency transactions on the island. The government is looking forward to put the emphasis on anti-money laundering controls for businesses that make transactions with Bitcoins, but also to promote Bitcoin business opportunities.

Operators who want to buy Bitcoin casino software will soon see the Isle of Man as a territory that starts to open up to a digital economy. In order to start the necessary procedures for this cause, the Junior Chamber of Commerce will host an event on June 18, when the opportunities provided by this digital currency will be discussed. Event speakers will also discuss about other e-currencies that are currently popular in the online world. The JCC event will help industry insiders ask questions and learn more about Bitcoin transactions that take place on the Isle of Man.

Up to now, the Isle of Man has perceived Bitcoin as an instrument that falls outside the definition of an investment, due to the fact that it is not considered real money. Bitcoin casino software buyers should know that by creating a framework for the regulation of Bitcoin transactions, the government intends to increase the level of credibility and trust towards Bitcoin-related businesses.

12 June 2014

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