“Bitcoin and Fiat Money will be jointly used well into the Future” – Jase Leung, CEO Bitcoinnect
CoinTelegraph had the chance to interview Jase Leung, CEO of Bitcoinnect based out of Hong Kong. Their two-way Bitcoin ATM is the first machine that provides real-time purchases and sales of digital currencies in the region. Their Bitcoin vending machines are currently operating in locations across Hong Kong and Macau. And given China’s stance on digital currencies, we were interested in getting a first-hand perspective on how a Bitcoin company maneuvers in such a regulatory gray area and gauging the demand for physical points of exchange in China. Cointelegraph: Can you tell me about....
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Last Friday, on 6/20/14, a jewelry store in the Sands Macao world-class hotel lit up with the virtually iridescent glow of cryptographic splendor. Jase Leung, Bitcoinnect's CEO, together with Matthew Ventura, a Macau entrepreneur, have established a Bitcoin vending kiosk accessible to the myriad of tourists that frequent the international gambling hub of the world. Bitcoinnect is the trademark under the company Harbour Technology Limited (no relation to Harbour Rich Technology Limited) which is the exclusive distributor of California's Genesis1 Bitcoin vending kiosks in the Hong Kong and....
Residents of Macau now have access to a brand-spanking-new bitcoin vending machine by Genesis Coin of California brought into the region by Bitcoinnect, who will serve as the exclusive distributor of Genesis1 bitcoin vending kiosks in the Macau/Hong Kong area. The first installation, which took place on Friday, opened in a jewelry store at the Sands Macau, a world-class, highly-related hotel in the area. The Genesis1 kiosk has a high bank note capacity to deal with high demand. It's capable of accepting 2,200 bank notes and dispensing 6,800 in a go. Transactions using the machine typically....
When the Chinese Ponzi scheme MyCoin vanished without a trace, stealing investment money from patrons across the board, many people went to the Hong Kong police first and foremost. MyCoin stole their money, and they want it back. Also Read: Hong Kong Bitcoin Exchange MyCoin "Lost" $387 Million of Customers' Money. MyCoin was supposed to be a bitcoin exchange and gathered enough interest to claim 3,000 customers investing $128,966 each. They made sure to leave no paper trail, as often happens with bitcoin scams. When they left, citizens of Hong Kong that invested were without any recourse....
It was reported some days ago that the Hong Kong bitcoin company mycoin.hk went away with investors' money. According to various sources, the total estimate of losses nears $390m. Hong Kong lawmakers are now commenting on a ban on bitcoin. In the meantime, more than 25 people are reportedly flocking police headquarters to complain about the mycoin.hk scam. According to lawmakers Leung Yiu-chung and James To "The government should clamp down on bitcoin." Leung adds, "The government should not just stand aside, It's simply not enough to just ask people to exercise caution when investing .......
Visa partner Strike is adding support for multiple fiat currency pairs plus stablecoins as part of its journey to become a “Bitcoin neo-bank.”