Isle of Man Digital Asset Exchange

The Isle of Man offers a uniquely cost-efficient and supportive environment for Digital Asset Exchanges. The regulatory environment ensures the industry is crime-free while providing a conducive framework in supporting growth.

Digital asset exchanges face challenges with fiat banking, unsupportive regulations, single-license concentration risk, and compliance and operational costs. The Isle of Man solves these challenges.

The Isle of Man introduced the Designated Business (Registration & Oversight) Act, in 2015 (the “DBA”), under which we can register a company as a ‘Designated Business’, meaning anyone who undertakes:

the business of issuing, transmitting, transferring, providing safe custody or storage of, administering, managing, lending, buying, selling, exchanging or otherwise trading or intermediating convertible virtual currencies, including crypto-currencies or similar concepts where the concept is accepted by persons as a means of payment for goods or services, a unit of account, a store of value or a commodity

A cryptocurrency exchange falls within this definition, meaning an exchange can register as a Designated Business with the Financial Services Authority (“FSA”) and conduct legitimate business in a safe, supportive, zero tax jurisdiction with a clean international reputation.