On Air Now Tony James 2:00PM - 6:00PM Email
Now Playing Joyride Roxette Download

Government introduces ICO rules

The government is is introducing new rules for businesses looking to launch initial coin offerings. 

ICOs are similar to stock market flotations, but sell virtual currencies instead of shares.

A new framework will be based on anti-money laundering efforts and know-your-customer regulations.

Businesses who wish to launch an ICO here will have to register with the authorities - although government has yet to announce the development.

More from Isle of Man Business

Recently Played

Listen Live