The Well-Manicured Man Posted September 6, 2017 Share Posted September 6, 2017 (edited) 21 minutes ago, Lxxx said: Good point. I'm sure the successful billionaire might not have thought of that one. Hypothetically, if the bitcoins were from legitimate and fully documented business activities, they wouldn't have a problem, except from a logistical/administrative or profit/loss perspective. Hypothetically, if the bitcoins were from anything else, then they would never be able to re-repatriate the money, but hypothetically one might not need to re-repatriate it. Edited September 6, 2017 by The Well-Manicured Man Quote Link to comment Share on other sites More sharing options...
Lxxx Posted September 6, 2017 Share Posted September 6, 2017 4 minutes ago, The Well-Manicured Man said: Hypothetically, if the bitcoins were from legitimate and fully documented business activities, they wouldn't have a problem, except from a logistical/administrative or profit/loss perspective. Hypothetically, if the bitcoins were from anything else, then they would never be able to re-repatriate the money, but hypothetically one might not need to re-repatriate it. A chance for a large % of Bitcoin wealth to be transferred from the Isle of Man to...err...the Isle of Man. Quote Link to comment Share on other sites More sharing options...
The Well-Manicured Man Posted September 6, 2017 Share Posted September 6, 2017 Exactly how can bitcoin wealth be "created" on the Isle of Man? Quote Link to comment Share on other sites More sharing options...
JoeyDeaconsCat Posted September 6, 2017 Share Posted September 6, 2017 Just now, Lxxx said: A chance for a large % of Bitcoin wealth to be transferred from the Isle of Man to...err...the Isle of Man. If they're not from verifiable legitimate commercial activity that's hardly good news is it? Quote Link to comment Share on other sites More sharing options...
Lxxx Posted September 6, 2017 Share Posted September 6, 2017 1 minute ago, The Well-Manicured Man said: Exactly how can bitcoin wealth be "created" on the Isle of Man? It's not but why should it. It's a currency. The huge pots of money in banks sat around in the ether 'on the island' weren't created here either. Quote Link to comment Share on other sites More sharing options...
MediaStar Posted September 6, 2017 Share Posted September 6, 2017 1 hour ago, Neil Down said: Not bothered about the story but you can't beat a good photo of Ms Mone Would you make her Mone Neil? I think even I'd be tempted. Quote Link to comment Share on other sites More sharing options...
Neil Down Posted September 6, 2017 Share Posted September 6, 2017 Just now, MediaStar said: Would you make her Mone Neil? I think even I'd be tempted. Like we would even get the chance, sigh.... Quote Link to comment Share on other sites More sharing options...
MediaStar Posted September 6, 2017 Share Posted September 6, 2017 1 minute ago, Neil Down said: Like we would even get the chance, sigh.... I think I'm probably more of confident person than you. Quote Link to comment Share on other sites More sharing options...
Neil Down Posted September 6, 2017 Share Posted September 6, 2017 4 minutes ago, MediaStar said: I think I'm probably more of confident person than you. "delusional" is the word you are looking for Quote Link to comment Share on other sites More sharing options...
2112 Posted September 6, 2017 Share Posted September 6, 2017 Michelle Mone was on Sky News this morning being interviewed about the scheme, and bitcoins. Needless to say, the IOM got a plug. Don't know whether the IOM getting a plug is good or bad . If anything goes wrong or there is bad publicity, im sure the IOM will get some bad publicity. Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted September 6, 2017 Share Posted September 6, 2017 I'd like to see her go bust. 1 Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted September 6, 2017 Share Posted September 6, 2017 Bintcoins. 1 Quote Link to comment Share on other sites More sharing options...
pongo Posted September 7, 2017 Share Posted September 7, 2017 Surely the source of the Bitcoins used to buy property would need to be accounted for? ie how they were earned. Or else what is to stop someone turning money earned from eg ransonware into property? Quote Link to comment Share on other sites More sharing options...
Tarne Posted September 7, 2017 Share Posted September 7, 2017 That's the point Pongo - It's a great way to launder money. Quote Link to comment Share on other sites More sharing options...
pongo Posted September 7, 2017 Share Posted September 7, 2017 19 minutes ago, Tarne said: That's the point Pongo - It's a great way to launder money. But my point is that surely Dubai is signed up to some sort of normal international regulation. ie that someone buying a property needs to be able to account for the funds. Otherwise you wouldn't be able to bank money earned there, here. Quote Link to comment Share on other sites More sharing options...
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