Vancouver Coffee Shop Retains Monopoly On Bitcoin ATMs

There will be no withdrawals of intangible currencies in Taiwan any time soon.

The island’s financial regulator said Monday that physical teller machines for the virtual currency “will not appear” here, after Las Vegas-based RoboCoin, which makes bitcoin ATMs, reportedly said it had chosen Taiwan and Hong Kong as its first spots to expand in Asia.

“Bitcoin is not a legal tender. Banks should not accept savings in bitcoins and the FSC will not allow the installation of bitcoin ATMs in Taiwan,” Tseng Ming-chung, chairman of Taiwan’s Financial Supervisory Commission, told The Wall Street Journal on Monday….

RoboCoin launched its first bitcoin ATM in a Vancouver coffee shop in November, where it racked up 1 million Canadian dollars (US$941,500) in transactions in less than a month. ATM users can either buy or sell bitcoin through the machines.

Taiwan Rejects Bitcoin ATMs [WSJ MoneyBeat blog]
Robocoin sipping first 2 Bitcoin ATMs to Asia this month — and will ship 45 more by March [Venture Beat]

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4 Responses to “Vancouver Coffee Shop Retains Monopoly On Bitcoin ATMs”

  1. Hank says:

    I thought that Hongkong and Israel already made orders for bitcoin ATM's. I think this is a great development for bitcoin and will most certainly give bitcoin a boost and help it to get accepted mainstream. IMHO people generally don't really understand the basics of bitcoin.

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