The massive demand for Bitcoin in Asia is what prompted U.S.-based companyย Robocoinย to bring its Bitcoin ATMs to Taiwan and Hong Kong. The problem is, government attitudes toward Bitcoin differ widely throughout Asia. This is best evidenced byย Taiwanโsย Financial Supervisory Commissionย refusal to allow the installation of Bitcoin ATMs in the country.
Taiwanโsย Financial Supervisory Commission (FSC)ย will not allow the installation of Bitcoin ATMs in the country because it believes Bitcoins are not a currency and should therefore not be accepted by individuals or banks as payment, said FSC chairman Tseng Ming-chung. Tseng Ming-chungโs statement wasย reported yesterday by the Central News Agencyย (link via Google Translate), Taiwanโs state-run news service.