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Bitcoin’s Future On The Isle Of Man
http://www.btcfeed.net/news/bitcoins-future-isle-man/The Isle of Man is a tiny land mass near the United Kingdom, but it’s e-commerce infrastructure is anything but tiny. The small island has attracted plenty of gaming, finance and now Bitcoin startups, due to it’s non-existent corporate and capital gains taxes. According to some estimates, 20% of the island’s GDP is derived from tech companies. The Isle of Man has branded itself as an offshore haven with it’s comparatively low individual income tax rate, which currently stands at 20%. Peter Greenhill, the island’s Head of ecommerce – is convinced, the island will become a major digital currency hub: attracting Bitcoin startups and talent from around the world, with it’s unbeatable tax and regulatory framework. Greenhill, was quoted in a Business Insider article saying, “We have the regulations and infrastructure in place to become a world leader in digital currencies,” – “We already have companies coming in and setting up. We see this as the future and we want to be at the center of development in this area.” 

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