Earlier this week, bitcoin startups on the politically independent U.K. holding of Isle of Man were faced with potentially catastrophic news. The island’s primary treasury service provider, Capital Treasury Services (CTS), announced it was severing its relationship with all digital currency businesses. It has since been revealed that the CTS decision was made under pressure…
Bitcoin startups on the self-governing British possession of Isle of Man have a major new issue to overcome: Banking access. CoinDesk reports that Capital Treasury Services (CTS), the major financial services connector between Mann’s rapidly growing digital currency industry and banks on the British mainland, has been severed. CTS is a subsidiary of Capital International…
Earlier this week, self-governing British Crown Dependency Isle of Man announced plans to introduce friendly regulation for the island’s growing bitcoin industry. Yesterday, a group of six companies announced a plan to actively support the island’s growing cryptocurrency industry, offering free and steeply discounted services for bitcoin and digitial currency related startups. According to a…
Located mere miles of the coast of Scotland, the self-governing British Crown Dependency Isle of Man has long served as a haven for those wanting to escape regulatory forces of the U.K. With virtually no taxes, the country has also attracted several companies who make their profit in various forms of arbitrage, including a healthy…
Bitcoin machines might just be popping up like wildflowers all across the U.K. later this year thanks to a new deal between bitcoin ATM maker Lamassu and newly formed distributor QuikBit. Based in the self-governing British dependency of the Isle of Man, QuikBit aims to build a network of ATM-like automated vending machines (AVMs) across…