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Gianluca95
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Activity: 1624
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Reputation first.
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June 12, 2014, 05:41:32 PM |
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Muck like for the project. But I don't share the choice for the place, Isle of Man is a fiscal paradise, so, warning !
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franky1
Legendary
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Activity: 4382
Merit: 4752
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June 12, 2014, 06:11:43 PM |
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Muck like for the project. But I don't share the choice for the place, Isle of Man is a fiscal paradise, so, warning ! when looking at the utopian dream in another thread about someone wanting to bitcoin grab all bitcoins to make a bitcoin island. and then seeing this proposal.. i choose this proposal any day. many millionaires moving their pound coins into the bitcoin ecosphere and all the shops and businesses on isle of man being bitcoin friendly (eventually).
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1014
In Satoshi I Trust
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June 12, 2014, 06:38:30 PM |
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i think its great more will follow.
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john641
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September 17, 2014, 10:47:57 AM |
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The Isle of Man is a well known offshore banking sector and it is my belief that this announcement basically states that IOM intends to be a leading hub for Bitcoin. So, good news...
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HarmonLi
Sr. Member
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Activity: 350
Merit: 250
Honest 80s business!
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September 17, 2014, 12:22:57 PM |
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I don't get why they did this... I mean this screams 'failure'... :/ This is horrible news, where have we come to if even such a Pro-Bitcoin country decides to drop the support for it? At least the price didn't tank that hard...
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bitcoinbear
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September 18, 2014, 12:13:55 PM |
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Wow, they are serious. I do hope this gets traction. The UK banks are hostile to bitcoin. This could be good.
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Eastwind
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September 20, 2014, 12:59:29 PM |
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I hope this is just the start.
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nobbynobbynoob
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September 20, 2014, 01:04:02 PM |
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Wow, they are serious. I do hope this gets traction. The UK banks are hostile to bitcoin. This could be good.
And it seems so are many of the Manx banks (probably mainly IoM branches of UK banks but still). But the cryptosphere simply has to weather hostility from the banking sector - what else did we realistically mostly expect? Cryptocurrency and blockchain technology is their kryptonite so they aren't likely to be welcoming it with open arms, much as I think it is still profitable for well-managed banks to profit with crypto just like they always have with gold. Although I won't forget the "seen a ghost" reaction when I casually wandered into a Commonwealth Bank branch in North Melbourne (Victoria, Australia) asking if I could exchange my wad of $100 bills for gold bullion!
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bornil267645
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September 20, 2014, 01:09:08 PM |
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With hash cloud on top...
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grifferz
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September 20, 2014, 09:00:12 PM |
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I don't get why they did this... I mean this screams 'failure'... :/ This is horrible news, where have we come to if even such a Pro-Bitcoin country decides to drop the support for it? At least the price didn't tank that hard...
I would speculate that UK banks told them to stop allowing Faster Payments from UK customers to their Bitcoin clients unless they want to lose FP entirely.
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Jeramom
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September 21, 2014, 07:09:23 PM |
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Damn, I wish I could come up with a Bitcoin business to take them up on the offer. I was in the Isle of man this weekend and it's a nice place.
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BratinSbazhin
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September 22, 2014, 06:06:01 AM |
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Does "Other Digital Currencies" include Cryptonote coins?
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gonnafly
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September 28, 2014, 02:53:09 PM |
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Does "Other Digital Currencies" include Cryptonote coins?
I know of at least one startup in the island that's working with a bunch of different cryptocurrencies.
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GTA
Member
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September 28, 2014, 03:11:45 PM |
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The Isle of Man is a well known offshore banking sector and it is my belief that this announcement basically states that IOM intends to be a leading hub for Bitcoin. So, good news...
The Isle of Man is a well known tax haven. I suspect this statement is to make it appear they are conforming to anti-money laundering regimes, while in practice they will be much more casual about it.
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bambino
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September 28, 2014, 03:55:58 PM |
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How are they trying to control digital currencies? Poor choice of words. They are creating legal frameworks for digital currency businesses.
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Robin_Good
Member
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September 28, 2014, 04:25:52 PM |
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How are they trying to control digital currencies? Poor choice of words. They are creating legal frameworks for digital currency businesses.
Yeah, this is a pretty poor choice of headlines. The officials involved understand they can't actually control the digital currencies themselves. I've been tangentially involved in the growing Bitcoin scene on the island, and in my opinion the government has been (at least paying lip service toward) doing a shockingly good job at walking the line between being as hands off as possible to make sure innovation flourishes while trying to set up a framework to make sure banks are willing to work with Bitcoin companies and customers are protected.
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logger
Member
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September 28, 2014, 04:54:48 PM |
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Isle of Man is also home to PokerStars. With regulation around online gaming with respect to banking, I would not be surprised to see the make a move in this sector. I'm not specifically talking about offering Poker to USA either, just in general.
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