The executive agency of the British dependency’s Department for Enterprise, Digital Isle of Man (Digital IOM) has introduced the development of blockchain office and the launch of a sandbox. The CEO of Digital Isle of Man, Lyle Wraxall explained, “With the launch, we are making a firm commitment to be a fully supportive jurisdiction for the blockchain industry.”
The post Digital Isle of Man Launches Blockchain Office And Regulatory Sandbox appeared first on Incrypts.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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