British Isle Alderney Sponsors Distributed Ledger Project
The island of Alderney, a self-governing British Crown Dependency, has sponsored an experimental open-source timestamping service based on distributed ledger technology. Created by the Z/Yen Group, the MetroGnomo project uses the startup's mutual distributed ledger (MDL) tech to provide a service that facilitates commerce by providing 'proof of existence' for data. The company cites use cases for MetroGnomo that include the dating of contracts; proving authorship of books, images and music; authenticating closed-circuit TV footage; and facilitating information exchange between....
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The British Island of Alderney made headlines in the bitcoin world last November when it revealed detailed plans to use bitcoin as part of its financial infrastructure, stating that it would seek to mint physical bitcoins and launch financial service centres devoted to digital currency. However, those plans are facing new setbacks according to a 25th April report from The Financial Times, which indicates that the UK's Royal Mint, a state-backed body that mints coins in the country, has discontinued discussions related to the project. Alderney's finance committee chair Robert McDowall told....
The channel island of Alderney. Alderney, everyone's favourite channel island, is attempting to set itself up as a global centre for bitcoin, much like the Isle of Man. Things, however, are not going as well as the island had initially hoped. Jane Wild, writing in this morning's Financial Times, writes that, Alderney is finding crypto harder to turn into gold than it had expected. Alderney had planned to issue physical bitcoins, onto the market, made from gold. Bitcoin can be bought, sold and traded, in a practically anonymous transaction, through online exchanges, and although....
At Bitcoin Amsterdam on 13 November, Alderney politician Edward Hill delivered a direct pitch to the BTC community: help turn his tiny Channel Island into a Bitcoin-first jurisdiction, anchored in renewable energy and a pro-BTC regulatory stance. Hill opened by situating Alderney politically and geographically. “I’m from the little island of Alderney, which you may […]
A tiny island in the English Channel, Alderney, wants to mint physical bitcoins as part of a larger campaign to become one of the world's first financial services centers devoted to digital currency. The Financial Times reported that Alderney, just three miles long with a population of 1,900, wants to become known as an international center for bitcoin transactions. Intended to be fully compliant with anti money-laundering and other financial regulations, it would offer merchant payment services, exchanges, and a bitcoin storage vault of some kind. The physical bitcoins, like other such....
The Isle of Man could become the Switzerland for Bitcoin as the small island’s government has been quick to react to the growth of digital currencies. Over the past twenty years the proliferation of the internet has brought about a golden age of gambling. Regulating this rapid growth has been a massive challenge for legislators globally and with the growth of crypto-currencies this task has become a lot harder. So, why are some countries doubling-down while others are leaving the table? History of bending rules. Few people outside of the British Isles will know much about the Isle of Man.....