The Manx Digital Currency Association, which was formed in September 2014 to focus on the emerging “Crypto Currency” sector on the Isle of Man has decided to merge into the Manx ICT Association (MICTA) and within this umbrella organisation, organise itself as a Special Interest Group with a slightly wider remit of Fintech & Distributed Ledger Technology. This move actually recognises that the underlying technology that underpins Crypto Currency has, predictably found an increasing number of diverse uses and hence spans many different aspects of functionality and technology.

Charlie Woolnough, the current chair of the Manx Digital Currency Association commented:

"With expanded use of the Blockchain/Distributed Ledger Technology it makes a great deal of sense to concentrate on this from within the trade association that encompasses all of the ICT sector. We hope the new relationship will provide a better opportunity for the progression of this sector within the Isle of Man."

Charlie will become the chair of the new Special Interest Group within MICTA.

Tim Craine, Secretary of the MDCA commented:

“The MDCA has achieved a lot since it was first formed, particularly in helping to inform and influence the developing regulatory environment so as to create commercial opportunity whilst at the same time protecting the Island’s reputation. I’m sure that the Island’s crypto community will continue to be well served by the Special Interest Group within MICTA going forward.”

Kurt Roosen, Chief Exec of MICTA added:

“We are delighted to be able to bring these two associations together and very much look forward to using our greater collective capabilities to best effect with increased resources.”

All existing members of the Manx Digital Currency Association committee will automatically be invited to join the new Special Interest Group under MICTA and will become MICTA members. All other members of the Manx Digital Currency Association are invited to join MICTA and special arrangements are in place to deal with this. Please contact Tracy Kinrade (tracy@micta.im) in the first instance.

Photo - Kurt Roosen.