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Introduction to Indirect Banking in the Crypto Industry
Esteban Gamboa, Senior Compliance Officer for SolutionsHub, discusses the role, benefits, and challenges of banking intermediaries for the crypto sector. The sector has encountered substantial obstacles in accessing conventional banking services. Regulators warnings and failures have made many banks hesitant to collaborate with cryptocurrency clients. However, some intermediaries have emerged to assist, enabling banking services […]
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Isle of Man Regulator Releases PEP Report Findings
The Isle of Man Financial Services Authority has published its review findings on foreign Politically Exposed Persons (PEPs), a major international crime threat to the Island’s reputation as a well-regulated jurisdiction. The thematic review, conducted between 2021 and 2023, assessed the risks PEPs posed to the Isle of Man business sector. PEPs are individuals who […]
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The Importance of Professionalising Crypto Syndicates into Private Exempt Schemes
The cryptocurrency market has experienced exponential growth, attracting a wide range of investors, including individuals and institutions. One popular way for individual investors to participate in the market is through crypto syndicates. Crypto Syndicates are groups that pool their resources to invest in cryptocurrencies and blockchain projects, aiming to generate significant returns. As the market […]
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Isle of Man FSA’s Updated Supervisory Methodology Framework
The Isle of Man Financial Services Authority (FSA) has recently released a document outlining their updated approach to supervising the Island’s finance sector. The Supervisory Methodology Framework aims to concentrate resources on the most significant threats, focusing on consumer protection, financial crime reduction, and maintaining confidence in the financial services sector through effective regulation. SolutionsHub […]
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FSA Head of Legal, Policy & Risk Sought by Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority (FSA) is actively searching for a new Head of Legal, Policy & Risk to join its executive leadership team. As the regulatory authority governing the financial sector within the Isle of Man, the FSA has been instrumental in the island’s growth as an international financial center since its […]
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The Benefits of Tier-1 Licences for Egaming Companies: Secure Banking and Reliable Payment Services
Nick Wright, Director and COO of SolutionsHub, discusses the importance of access to secure banking and reliable payment services in the egaming sector and the benefits of a tier-1 licence. Banking: The Heart of an Egaming Business For an egaming company, banking is the heart of the business. Payments are the arteries, and the flow […]
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Unraveling the EU’s MiCA Regulation: Implications and Impact on Crypto-Asset Service Providers
The European Union (EU) is on the cusp of adopting some of the most comprehensive and far-reaching regulations related to crypto-assets. The proposed Markets in Crypto-Assets Regulation (MiCA) could potentially set the standard for other jurisdictions across the globe. Presented by the European Commission in 2020, MiCA is part of a more extensive digital finance […]
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FinTech Innovation Challenge Finale Date
Digital Isle of Man to Host Full-Day Conference and Expo Featuring Global Tech Solutions. The Digital Isle of Man will host the FinTech Innovation Challenge Finale on Thursday, June 29, 2023, at the Comis Hotel & Golf Resort, Mount Murray. The challenge, which commenced last November, provided a platform for businesses worldwide to expand their […]
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Isle of Man Financial Regulator Revamps Supervisory Approach
The Isle of Man Financial Services Authority (FSA) is moving forward with plans to update its supervisory approach for regulated entities and designated businesses. The financial regulator is currently undergoing internal restructuring to support the implementation of an enhanced risk-based supervisory framework. During the Manx State of the Nation conference held at the Comis Hotel […]
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SolutionsHub shortlisted for Citywealth Magic Circle Awards
SolutionsHub, a specialist in gambling and blockchain regulation, is in the running for a prize at the Citywealth Magic Circle Awards
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Substance requirements – Intellectual property in focus
As many are now aware, all companies with activities and income in a relevant sector in an accounting period will be required to demonstrate that they have adequate substance in the Island. The adequate substance requirements will generally require that a company: is directed and managed in the Island; has an adequate number of (qualified) employees […]
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DCEP: China’s crypto embrace will change the world
China’s relationship with cryptocurrency is not a straightforward story and the latest twist in the tale is the confirmed development of DCEP. SolutionsHub CEO Lee Hills takes a deep dive into China’s attitude to blockchain tech and explores how, with a state-backed token, the People’s Bank of China will change the world forever Cryptocurrencies are […]
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