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Isle of Man

Apply today and make the Isle of Man part of your success story.

Blockchain

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Contents

Blockchain Isle of Man

Benefits

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Blockchain Isle of Man Application Timeline 6

Case Study7

Why the Isle of Man?

Life on the Isle of Man

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What's next?10

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We are an international business centre, set in a UNESCO-awarded biosphere. We have a thriving economic mix of leading international corporations, medium and small companies, and entrepreneurs.

We have a progressive, modern society with a strong sense of history and heritage. We are an island of exceptional individuals, communities and families. We are a workplace, a home and a holiday destination.

Why the Isle of Man?

Blockchain Isle of Man has been established to support and guide high-quality businesses through current and future regulatory landscapes, focused on expert-led assistance from day one.

Through Blockchain Isle of Man, we provide access to resources that help build successful and sustainable businesses by reducing time to regulation and increasing speed to value.

The Isle of Man is a well-respected digital jurisdiction with a robust infrastructure. The agility and versatility of our Government means we are fast followers, incorporating successful

approaches and regulations into our proposition in line with business needs.

We welcome innovative technology and will not regulate blockchain technology in isolation, giving you the flexibility to best use this emerging and transformative technology.

We have a high-quality regulatory reputation and a firm commitment to data protection, supported by the Financial Services Authority (FSA) and the Gambling Supervision Commission (GSC). The GSC offers full player protection and was the first adopter of KYC/AML for digital currencies.

BlockchainIsle of Man

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Benefits

Horizon Scan and provide insight into the direction of the sector as developments and trends emerge.

Provide access to corporate services providers and other organisations that can support your business growth.

Encourage collaboration through our sandbox to align regulation with the sector’s development, creating a centre of expertise.

Blockchain Isle of Man provides you with a space to experiment whilst future-proofing platforms.

Through Blockchain Isle of Man, we:

Facilitate the progression of your technology to regulation by understanding your requirements and explaining the existing and future regulatory landscape.

Advise regulators, the Government and relevant ancillary businesses on blockchain.

Support enterprises to develop a platform with compliance in mind, sharing our knowledge and experience to help mitigate risks.

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Blockchain Isle of Man Application Timeline

Contact the Blockchain Isle of Man

Complete our enquiry form at:

www.blockchainisleofman.com or call us on +44 1624 687500 to speak to a member of the team.

Complete and submitapplication form

A member of the Blockchain Isle of Man team will provide professional advice and guide you through the application process.

Await approval of submission

Your application will be assessed based on innovation, job creation and scalability.

Evaluation and feedback

Application to Blockchain Isle of Man successful

Opportunity for entry into the Blockchain Sandbox

You now have access to resources to help build a successful and sustainable business by reducing time to regulation and increasing speed to value.

Through the Blockchain Isle of Man you will have the opportunity to join the Sandbox. This will be evaluated on an individual basis and you will be fully supported through the process.

Business growth with continued relationship

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Challenges FacedFunFair Technologies has overcome numerous hurdles on its way to becoming the first Isle of Man-licensed, blockchain casino platform.

Building an entertaining, efficient, decentralised yet cheat-proof gaming ecosystem is what we continue to strive towards. Doing this within a tier one regulatory framework where many are operating with no framework at all is a big challenge but something we strongly believe in.

Key components of our platform, including smart-contracts, crypto wallets and payments, are pivotal to providing what we call Guaranteed Fair gaming, but the nascent nature of the technology has required a model of development that has not been seen before.

Seeking out Isle of Man licensure was a clear objective in this regard. The jurisdiction’s regulator is global, with a tier one reputation and holds a progressive outlook to a dynamic, changing industry which includes blockchain as a key pillar.

Solutions ProvidedThe Token-Based Software Supplier Licence benefits us hugely through becoming part of a very highly-regarded gaming and decentralised tech community and the numerous business opportunities and regulatory learnings that come with that.

The Isle of Man has been very proactive in attracting companies that are reshaping not just the current industry, but also those

Case Study

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of tomorrow and this ambitious and open outlook is one that we are very excited to be a part of.

Benefits to BusinessFunFair is already reaping the rewards from the awarding of the licence by such a well-respected jurisdiction. Not only have we made significant improvements to our technology and procedures but by becoming an official part of the island’s blockchain community, we have seen significant benefits to our brand’s reputation.

Building real dialogue with partners around the benefits of our technology has often been a challenge. Many potential partners have often opted for a wait-and-see approach when it comes to blockchain adoption, but with the Isle of Man’s continued endorsement and education on blockchain, doors are now opening. This will definitely help us to maintain our position as the leading blockchain gaming supplier into the future.

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Located in the Irish Sea, midway between the UK and Ireland, the Isle of Man is a Crown Dependency and a nimble self-governing jurisdiction.

The Island’s size and world-class infrastructure – and the topography of the landscape – means the Island often acts as a testing site for new technologies.

Why the Isle of Man?

Corporation Tax or Capital Gains TaxNo

200+Digital businesses located on the island. Digital sector spans eGaming, eSports, FinTech, Blockchain and Media

World-class datacentres for data hosting

High-speed broadband coverage

Power reliability

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97%

99.998%

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Beautiful beaches and sheltered bays

Miles of public footpaths makes the Isle of Man an explorer’s paradise 169

Restaurants, cafés and bars400+

20 Minute average commute time

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200 Flights per week to the UK and Ireland

Life on the Isle of ManThe Island has a progressive, modern society with a strong sense of history and heritage – but with a forward-thinking sensibility. A thriving business centre and a pioneer of innovation, we are an Island of exceptional individuals, communities and families. With a 95-mile long coastline of sandy beaches, rocky cliffs and sheltered bays, the Isle of Man is the only tech hub in the world located in a UNESCO awarded biosphere.

We know the importance of hard work and the importance of living life to the fullest. By living in the Isle of Man, you really can have it all.

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To enquire about joining the Isle of Man Blockchain Isle of Man visit: www.blockchainisleofman.com

What's next?

Make the Isle of Man part of your success story!

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Tel: +44 1624 687 500 - Email: blockchain@gov.imSt George's Court, Upper Church Street,

Douglas, Isle of Man, IM1 1EX

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