Tag Archives: bitcoin

Isle of Man moves to tackle digital currencies

The Isle of Man is to take ‘specific actions’ aimed at helping protect businesses and customers utilising digital currencies and provide an environment for high-quality businesses in this rapidly emerging field who wish to operate here. The online gaming jurisdiction is looking to recognise digital currencies as a property, rather than a currency, and apply the appropriate anti-money laundering controls. …

Read More »

Bitcoin Public Fears Amid Hack of Mt Gox

Mt Gox, a major Bitcoin currency exchange,¬† has declared itself bankrupt in a Tokyo district court hearing this Friday 28 February. A company lawyer cited outstanding debts of $63.2 million against company assets valued at $37.7 million. The Bitcoin trader had suffered a security breach (hack) that resulted in the crypto currency being ¬†stolen from its platform and customer savings …

Read More »