Bitcoinnect To Deploy Compliant Genesis1 Bitcoin Vending Kiosks In Macau And Hong Kong
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....
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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....
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....
In what seems like a further crackdown on freedoms in Hong Kong, the Securities and Futures Commission (SFC) said Bitcoin exchanges operating in the territory should be subject to licensing. The SFC proposal seeks to enforce the ruling by levying heavy fines and tough prison sentences on non-compliant persons. The Hong Kong government also confirmed […]
Step up, roll up your sleeve, and start smoothing out those crumpled banknotes as CoinDesk brings you the latest in bitcoin ATM and vending machine announcements from around the world. We say 'vending machines' not as a joke, but because in some jurisdictions cash-in only machines are classified as exactly that, to remain free from additional banking regulations ... or bans. Speaking of which, the week began on a sour note in Dubai when the UAE Department of Economic Development (DED) told us there was no license to install a bitcoin ATM in the country as yet. To rub salt in the wounds, it....
The folks over at Genesis Coin have announced the launch of their new line of cryptocurrency vending machines, dubbed the Satoshi1. The machine went live this week at the Thirsty Camel Cafe in downtown Nanaimo in British Columbia, Canada. Up until now, Genesis Coin has been delivering a number of Genesis1 ATMs which have made their way around the world and provide an all-in-one solution for individuals looking to both by and sell multiple types of cryptocurrency. The Satoshi1 machine is designed to be a less-expensive solution for operators, coming in at $5,800 (compared to $14,500 for the....