A senior figure at PwC Isle of Man will head up regulation at the Island’s newly formed Blockchain Office.
Advisory Director Steve Billinghurst forms part of an eight-strong team, based at The Hubb on Victoria Street in Douglas, which is designed to grow and strategically develop the blockchain sector.
As regulatory lead, Steve will work with key figures to assess the global regulatory landscape and pursue the evolution of local legislation and regulation.
He will also be working directly with businesses in the Blockchain Office to guide them through regulatory developments and challenges.
Steve explained: ‘I am very excited to take up this position in support of the Government's blockchain proposition. It’s certainly a great opportunity to establish the office and bring new businesses to the Island.
‘There is no doubt the team is an extremely strong one combining regulatory, technical and operational experience and key strategic and business development vision.
‘The challenge of monitoring the developing landscape and ensuring the Isle of Man remains a key blockchain jurisdiction is one I am looking forward to. Assisting businesses that establish here to navigate their own regulatory journey is one I’m also keen to begin.’
Since its inception, the Blockchain Office has received expressions of interest from businesses in a varied number of industries, including education, real estate, banking, pharmaceuticals and retail.
Steve, who leads non-audit consulting and advisory services for local and international clients, will be seconded for one day a week to provide expertise.
PwC Isle of Man’s Senior Partner, Ian Clague, said: ‘As one of PwC’s essential eight emerging technologies, it’s clear Blockchain is here to stay.
‘The Island has a strong offering and, with specialist-led assistance from Steve, it can look forward to supporting blockchain businesses with their growth.’
PwC, in partnership with the Isle of Man Chamber of Commerce and Digital Isle of Man – an executive agency of the Department for Enterprise - will host a half-day training event on 20 June, to highlight the characteristics and key concepts of blockchain and help attendees gain a practical understanding of what blockchain is and how it operates.
For more information and to purchase tickets, head to www.iomchamber.org.im
Applications for joining the Blockchain Office are still open. To find out more on how your business can apply, visit: www.digitalisleofman.com/blockchainoffice
Steve Billinghurst, Advisory Director
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