Crypto firms on the island will be required to fulfill the qualification criteria for investment businesses, even though these requirements were not originally intended for the crypto market. This move aims to regulate and monitor the operations of crypto companies, ensuring that they meet the necessary standards for conducting investment activities. By implementing these qualification requirements, authorities seek to address any potential risks and protect investors in the crypto industry. While these regulations may not have been specifically tailored for the crypto market, they are being applied to ensure the integrity and stability of the industry on the island.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinIsle of Man Contemplates Including Cryptocurrency in Investment Options