On Air Now Jason Quinn 10:00am - 1:00pm Email
Now Playing Umbrella Rihanna Download

Why are banks not embracing bitcoin economy?

Banks backing out of the bitcoin economy has nothing to do with the Island's trustworthiness as an offshore jurisdiction.

That's according to the director of e-business development who says it's all about banks being risk averse. 
 
As the two-day Crypto Valley Summit kicked-off last week - attendees were trying to process industry news that banks have severed ties with our newest emerging sector.
 
Since then news focussing on a solid solution has been abundant in the international trade press - but it has yet to be announced. 
 
Peter Greenhill told us what all the fuss is about: 
 

More from Isle of Man News


Recently Played

Listen Live Listen