The new hotspot for blockchain business

A new global hotspot for blockchain businesses is rapidly emerging but it’s not in Silicon Valley, Hong Kong or Singapore – it is, in fact, a tiny island in the Irish sea with a population of less than 85,000

The Isle Of Man is becoming an increasingly popular base for businesses whose main concern is blockchain tech.

The Isle Of Man has long been an attractive base for major gambling companies but is now catching the eye of the crypto crowd.

MetaVault, 3T Capital, Pundi X, Robet, Luckbox, Unikrn, Quanta, CoinCorner, Qadre and Casino Coin are all blockchain-based products based on the island.

SolutionsHub, based in Douglas, a B2B service provider and licensing specialist focused on cryptocurrency companies, worked with several of those companies to help set up shop on the Isle Of Man and says firms are attracted to the island thanks to the government’s open approach to emerging and transformative technologies.

SolutionsHub CEO Lee Hills says the Isle of Man government deserves credit for embracing new technologies. Digital Isle of Man’s launch earlier this year of Blockchain Isle of Man, a unique hub dedicated to growing the blockchain sector in the Island, is further proof that the Isle of Man is fast becoming the go-to destination for blockchain-based companies.

He said: “The Isle of Man Gambling Supervision Commission deserve a special mention also. Their open and supportive approach to new technologies is fundamental to our success and has seen the Isle of Man deliver real results for crypto and blockchain betting businesses, on time and on budget, while other jurisdictions heavily market capabilities, but as yet have failed to deliver results.”

Lyle Wraxall, Chief Executive of Digital Isle of Man, said: “It’s key that we work shoulder to shoulder with industry to embrace technical innovation and to build a strong ecosystem to support tech enterprises and start-ups licensing and locating on the Isle of Man.”

SolutionsHub is celebrating “a true honour” after being recognised with a prestigious industry award when it was named Cryptocurrency Services Provider of the Year at the prestigious EGR B2B Awards 2019.

The EGR B2B Awards continue to reward and celebrate the very best service providers in the online gaming industry, recognising the achievements of suppliers from across all the major egaming disciplines including betting and gaming software, networks, mobile, payments, recruitment, IT and infrastructure.

Mr Hills said: “The EGR Awards are the most highly regarded awards in the gaming sector and to win this award is a true honour. A lot of hard work and dedication has gone into this award, not just from myself and my colleagues, but from our fiduciary and legal partners.”

EGR judges commented that “the team that clearly knows what the sector needs. Impressive growth figures match the rise in popularity and acceptance of crypto in gambling.”

ABOUT SOLUTIONSHUB:

SolutionsHub is regarded as the leading authority in crypto and blockchain gambling licensing, as well as Isle of Man regulatory compliant tokenized and blockchain businesses. The SolutionsHub team is renowned for its knowledge and expertise in dealing with new legislation, business models, and designing regulatory compliant solutions. Unique know-how, coupled with blockchain and gaming experts, have seen SolutionsHub obtain licenses and regulatory approvals for previously unseen gaming, gambling, blockchain, and fintech business models. SolutionsHub’s portfolio includes the first regulatory approval of a blockchain gambling operator, designing world first crypto and player protection solutions and advising the Isle of Man’s first hard-capped ICO.