Isle of Man News - POSTED Thu 10-07-2014

Island to host digital currency summit

by MT

Island to host digital currency summit - picture The Isle of Man expects to play host to over a hundred Bitcoin and digital currency specialists in September, for the inaugural Crypto Valley Summit. The event, which is supported by lead sponsor KPMG, local companies and the Isle of Man Government, is aimed at off-island entrepreneurs interested in opening a digital currency business in a well-regulated jurisdiction.
The Summit will run for two days on Wednesday 17th and Thursday 18th of September, following directly on from the Inside Bitcoins event in London earlier in the week. Organised by a private sector committee, the event has already attracted significant industry interest from across the world.
Industry commentator and lead organiser Paul Davis of the Manx Digital Currency Association, commented: “With the momentum gained by both the formation of the Manx Digital Currency Association and the government’s recent announcement that it is open to registering digital currency businesses, the Island is at the forefront of this burgeoning sector. This event is an opportunity for people with above-board digital currency businesses to find a supportive home.”
Peter Greenhill, Director of e-Business Development at the Department of Economic Development, also commented: “The Isle of Man has an opportunity to become a leader in this growing field by welcoming ethical and well-run digital currency businesses to our shores. This Summit is a reflection of the Island’s commitment to this sector and sends a clear message: we aren’t just talking about Bitcoin, we are very much open for business.”
Russell Kelly, Director at lead sponsors KPMG, said: ”KPMG is proud to be lead sponsor of the event, following on from our recent roundtable on cryptocurrency, reflecting our ongoing work within this sector. The cryptocurrency sector is moving very quickly and we feel it is important to stay at its forefront. This is a huge opportunity for the Isle of Man and I would like to congratulate the event’s organisers for making it happen.”
Registration for the event will be available shortly at Attendance for leaders and managers of digital currency businesses is free of charge, with tickets for service providers and other interested parties available for £995.
To keep up to date with digital currency developments on the Isle of Man you can follow the Crypto Valley Summit on Twitter @IOMCryptoValley or search for the Crypto Valley Summit group on Linkedin.

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