Singapore's First Bitcoin ATM to Arrive in March
A Singapore company is planning to install the island's first bitcoin ATM by April. The firm, Bitcoin Exchange, has purchased a Lamassu unit that it expects will arrive mid-March. It plans to install more ATMs if the first unit is well received. Zann Kwan, one of the company's directors, said: "The good thing is that the Singapore government has left bitcoin alone. It's treated like silver or gold, and if you want to [deal in it] it's at your own risk. The ATM will create a lot more interest in bitcoin." According to Kwan, the machine's location hasn't been decided just yet. The company is....
Related News
As Singapore's growth continues to challenge the world's other financial services hubs, it's also attracting bitcoin entrepreneurs who see it as fertile ground for a more disruptive kind of innovation. Singapore's unique position as a fully independent city-state in the middle of Asia has served it well over the past few decades. Both policy decisions and geopolitical fortune have seen it achieve one of Asia's highest standards of living, a high concentration of millionaires, and $450 billion in offshore assets under management (half of which are from China). Expats have long flocked to....
All Huobi clients in Singapore should close active positions and withdraw their digital assets before March 31, 2022. Huobi Global, one of the world’s largest cryptocurrency exchanges by trading volumes, is winding down operations in Singapore shortly after exiting China.Huobi will shut down accounts of all Singapore-based users by the end of March next year, the company officially announced late Tuesday.All Huobi clients based in Singapore should close active positions and withdraw their digital assets before March 31, 2022, Huobi said. The exchange will also gradually halt access to....
The government of Singapore has revealed the number of crypto scams reported to the police in the past three years. “The vast majority of cryptocurrency scams are perpetrated by scammers based outside Singapore. As such, there is a limit to how much law enforcement agencies in Singapore can do,” said Singapore’s minister for home affairs. Singapore Government’s Data on Cryptocurrency Scams The Singaporean government has revealed the number of reports related to cryptocurrency scams the police received in the past three years. In a written reply to a parliamentary....
The company behind the world's first bitcoin ATM is planning to set up machines in London and Singapore by mid-March. Vancouver-based Bitcoiniacs, said the new machines are part of a global expansion that will also include setting up physical brokerage offices for retail customers and a push to increase use of its own bitcoin exchange. Bitcoiniacs founder Mitchell Demeter said the ATMs would likely be located inside a cafe or coffee shop, with a brokerage office attached. This would be similar to its current set-up in Vancouver, where the ATM is located in Waves Coffee House. "We're....
There is a new player in the world of bitcoin ATMs, Singapore-based Tembusu Terminals. The company has just installed Singapore's first permanent bitcoin ATM at a bar in the Boat Quay district. Tembusu says it is talking to other merchants who would like to install the company's ATMs, too. Earlier this month, Bitcoiniac announced it would install Robocoin ATMs in London and Singapore by mid-March. It appears that Tembusu has beaten the Vancouver-based outfit to the punch. Flexible design. The Tembusu ATM was designed and built in Singapore. It features several security and anti-theft....