Bitcoin association being formed in the Island today

A bitcoin association is being formed in the Isle of Man.

It will follow the UK's version - the UK Digital Currency Association - which came into being last week.

It's made up of people involved in, or enthusiastic about, the bitcoin economy - which is a form of private digital money.

The Financial Services Commission and the Department of Economic Development have come out in support of the move.

Organiser Paul Davis says it's an exciting area of Isle of Man business:

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