Banks have attempted to block the adoption of a bitcoin economy on the Isle of Man – but Crypto Valley Summit delegates have found a solution.
As the two-day event kicked off yesterday – attendees were trying to process industry news that banks have severed ties with our newest emerging sector.
Organisations have closed accounts connected to Capital Treasury Services - which links digital currency business to banks on the Island.
Paul Davis is a speaker at the event and the managing director of Counting House, he told us there’ll be a new bitcoin bank to remedy it:
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