Taiwan’s Financial Supervisory Commision says it will not allow the installation of Bitcoin ATMs. FSC chairman Tseng Ming-chung is quoted by Techcrunch as saying that Bitcoin is not a currency and should not be used for payment.
On Thursday, Techcrunch had reported that Bitcoin ATM supplier Robocoin was planning to target Taiwan and Hong Kong this month. Of course the use of the term ATM suggests that they can dispense some form of Bitcoin hard cash. In reality, the Bitcoin stays in a virtual wallet, but you can sell it for hard cash which is then dispensed at the ‘ATM’.
[youtube]http://youtu.be/uoiAewo5K7s[/youtube]
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About the Author: Conn Ó Muíneacháin
Conn Ó Muíneacháin works at Blacknight, Ireland's largest provider of domains and hosting. He's an award-winning radio producer, podcaster and blogger. He's an engineer as well (not the award-winning kind).
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Taiwan says No to Bitcoin ATMs http://t.co/8mOHKkTLdX via @blacknight
RT @mneylon: Taiwan says No to Bitcoin ATMs http://t.co/8mOHKkTLdX via @blacknight
RT @blacknight: Taiwan says No to Bitcoin ATMs: http://t.co/KMlwGPtJ8n
Taiwan says No to Bitcoin ATMs http://t.co/uG1EiMFjRt
Taiwan says no to Bitcoin ATMs: http://t.co/cqG5aVOTUx
Taiwan blocks bitcoin ATM after Robocoin plan to launch there –
http://t.co/cgTlTqG0rS
#bitcoin #cantstopwontstop
RT @BitVendo: Taiwan blocks bitcoin ATM after Robocoin plan to launch there –
http://t.co/cgTlTqG0rS
#bitcoin #cantstopwontstop