24 Apr '15, 6am

Bitcoin Island: cleaning up the crypto currency - BBC News

The Isle of Man is only 30 miles wide but is an understated haven for the super wealthy. What do Thomas the Tank Engine, lifeboats, pilates, and the Bee Gees have in common? They are all success stories from the Isle of Man. The small independent island in the middle of the Irish Sea is now hoping to give a wholesome boost to the bad boy of digital currencies, Bitcoin. Bitcoin tends to hit the headlines for all the wrong reasons - the spectre of infamous Japanese exchange MtGox, which went bankrupt in 2013 after a spate of hacking resulted in the theft of around 650,000 of the virtual coins (today worth around £150/$223 each), still looms large. It has also gained notoriety as the currency for choice for illegal activity because Bitcoin transactions can be carried out anonymously. But the Isle of Man government believes a combination of regulation and encouragement can not...

Full article: http://www.bbc.com/news/business-32394170

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Bitcoin Island: cleaning up the crypto currency

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The Isle of Man is only 30 miles wide but is an understated haven for the super wealthy. What do Thomas the Tank Engine, l...

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