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Isle of Man to strengthen regulation of digital currencies

10th June 2014 10:08 am GMT

The government of the Isle of Man plans to introduce a regime to help protect consumers who use digital currencies such as Bitcoin.

The Department of Economic Development said Tuesday that its aim is to provide an environment for high-quality businesses to operate in this "rapidly emerging field", while helping to protect businesses and consumers alike through the application of appropriate anti-money laundering requirements.

"The Isle of Man recognises both the risks [...]

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