Isle Of Man Welcomes GreenCoinX Cryptocurrency

logo-GreenCoinXThe Isle of Man government has welcomed GreenCoinX, an identifiable cryptocurrency which is 80 percent owned by Toronto, Canada-based GreenBank Capital Inc.

“We welcome the decision by GreenCoinX to establish its operations in the Isle of Man which reinforces our position as leading the way in the digital currency sector,” said Isle of Man Chief Minister Allan Bell MHK.

GreenCoinX has opened its European marketing and international treasury office in Douglas, Isle of Man, and has engaged the services of Alan Molloy as CEO of its Isle of Man operations. Molloy previously served as managing director of international services for Duncan Lawrie, a private bank in the United Kingdom.

Global Treasury Function To Begin

GreenCoinX will soon begin its unique global treasury function, which is designed to dampen volatility in the price of the GreenCoinX crypto currency. It will be hiring an estimated 20 new employees in the Isle of Man over the next 18 months.

The Isle of Man government has made no financial commitment. GreenCoinX chose Isle of Man as the location for these services following discussions with its government.

“GreenCoinX has the potential to make a significant

Read more ... source: CryptoCoinsNews