Taiwan refuses to allow the installation of Bitcoin ATMs in the country
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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 Taiwanโ€™sย Financial Supervisory Commissionย refusal to allow the installation of Bitcoin ATMs in the country.

Taiwanโ€™sย 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-chungโ€™s statement wasย reported yesterday by the Central News Agencyย (link via Google Translate), Taiwanโ€™s state-run news service.

 

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