Island 'world's most attractive country' for crypto companies

The Isle of Man is now the 'world's most attractive country' for crypto companies.

That's the belief of SolutionsHub based in Douglas, after the IOM Financial Services Authority (FSA) introduced a new new 'subject to' registration process designed to provide cryptocurrency companies with certainty.

Businesses in the sector are usually required to have at least two Isle of Man resident directors but the “subject to” registration allows them to register as long as all other criteria are met.

SolutionsHub CEO, Lee Hills, says: "Not only does the island’s regulatory framework encourage and support good quality business, but there is also a willingness to work dynamically, to update processes and procedures, to move with the times and adapt to new challenges and opportunities.

"I would argue that the Isle of Man is now the most attractive home for DLT companies serious about doing business properly and having a solid foundation from which to grow."