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Isle of Man is set to become a haven for cryptocurrency ventures beginning this year, according to its head of operations for digital development and e-business.
eBusiness Chief Brian Donegan shared in an online report that the Isle of Man government is presently working to amend The Proceeds of Crime Act of 2008 for the inclusion of regulations pertaining to Bitcoin and other cryptocurrencies.
He said the government is proactive in establishing a legal structure for the use of digital currencies as it sees it necessary for the success of the emerging industry built on this technology.... (more)
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