The Isle of Man is opening its doors to entrepreneurs looking to launch initial coin offerings (ICO).
In an interview today, Brian Donegan, head of operations for fintech and digital development at the Isle of Man's Department of Economic Development, told CoinDesk that the British Crown dependency has created a regulatory framework it believes will allow for token sales that are compliant with anti-money laundering and know-your-customer regulations.
The Isle of Man's government has yet to formally announce the development, though it's been moving in this direction for some time. The framework itself is based on anti-money laundering rules put in place in 2014 and 2015, Donegan said.
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