Government considers Crypto-regulation

Friday, 16 February 2024 08:26

How should the Isle of Man regulate cryptocurrencies such as Bitcoin?

That's the question being asked in a new public consultation from the Financial Services Authority.

The FSA says although crypto isn't regulated on the Island, some companies need to register under anti-money laundering and know your customer legislation.

But it now wants to hear whether people think it should be regulated - possibly in the same way investments are.

You can air your views via the government's online consultation hub.

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