Bitcoin ATMs Bring Us Closer to a Regulatory Breaking Point
The BTM can verify who buys the bitcoins but not much after that. You'd think the United States would be home to one of the first Bitcoin ATMs in the world, but things just haven't turned out that way. America is supposed to be a bastion of freedom throughout the world, but that's not actually how things work when it comes to setting up an ATM. The financial services industry in the United States is one of the most regulated markets in the world, and these regulations make it very expensive just to do something as simple as selling bitcoins to people who want to buy them. In the case of a....
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Virginia's first Bitcoin ATM! Today, the first Bitcoin ATM in Virginia launched. The ATM is owned by BlockBox, a company which provides Bitcoin services. According to Coin ATM Radar, the ATM converts fiat to bitcoin, with a 4% fee. The ATM is in Sterling Mower, a mower company, located at 22005 Shaw Rd, Sterling, VA 20164. With this ATM, Virginia joins the club of states in America to have a Bitcoin ATM. Less than two weeks ago, Pennsylvania got its first ATM. Virginia's ATM is a Lamassu machine, so it is small compared to most other Bitcoin ATMs. In images, it is resting on top of a stool....
At a celebratory event on Monday evening, two bitcoin ATMs were launched in Auckland. These are believed to be the first in New Zealand. Operated by Bitto NZ, the machines are manufactured by Lamassu, who has sold upwards of 100 ATMs that are now in use around the world. The two ATMs are intended to be used at events and/or by appointment. That means they won't be in one same spot for the town's people to come and use at their leisure. And while the community has taken to the "ATM" name, Lamassu units are more like vending machines in that they only accept fiat in exchange for bitcoin. "We....
The United Arab Emirates (UAE) is getting closer to issuing a regulatory and supervisory framework that will govern the country’s virtual asset industry, the Securities and Commodities Authority (SCA) has said.
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A UAE securities regulator, the SCA has said it is getting closer to “issuing the regulatory and supervisory framework related to virtual assets issued for investment purposes.”
In addition, the regulator revealed in a statement that it had consulted the “concerned authorities” during the development of....
Courtesy: blog.robocoinkiosk.com. The Robocoin bitcoin ATM invasion is seemingly far from over. The Las Vegas-based company has grand plans to bring their kiosks to countries all around the world, and Czech Republic is the next on the list. A Robocoin kiosk is slated to come to Prague - the country's capital - in April, reportedly in the Smíchov area of town. In addition to the kiosk will come two others, to be installed at later dates. A company by the name of Marlyle is responsible for the deployment, hoping the coming of the ATMs bring bitcoin closer to those who are interested: "We....
The number of bitcoin ATMs has been on the rise in Russia’s capital and the rest of the country, a press report revealed this week. There is demand for the service as it offers easy access to cryptocurrencies, although not at the best exchange rates and still amid regulatory uncertainty. More Crypto ATMs Installed in Russian Federation Despite Absence of Regulations With growing interest in cryptocurrencies, the number of devices offering automated teller services for digital assets is increasing, the Russian business daily Kommersant noted in article. Several dozen bitcoin ATMs (BATMs)....