Vancouver Coffee Shop Retains Monopoly On Bitcoin ATMs

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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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