Robocoin has made its debut in China with their first Bitcoin ATM ever in China.Robocoin is a Las Vegas-based online bitcoin banking provider and ATM manufacturer and thought the time was right to launch a BTC ATM in China.Robocoin indicates that Chinese consumers can now buy and sell Bitcoin for Chinese yuan at Beijing’s Satoshi Plaza which is a 1,000-square-meter Bitcoin meetup space.“This will increase the awareness of Bitcoin and Robocoin even further than it already has and can possibly" nudge” the Chinese government into embracing Bitcoin as a viable digital currency” CEO Jordan Kelly told us.
“Furthermore we want to point out that we are compliant with all laws, regulations and other proscriptions the Chinese government as asked from our company. This is a great step forward for Bitcoin in general and we are optimistic about the success of our first ever Bitcoin ATM”.The CEO of Robocoin Asia, Yao Lee expects things to get better for Bitcoin in the next few months.“But from a long term view, I think Chinese government will gradually open its mind and find this new technology quite useful in international communication.
” “The Chinese government said nothing about the bitcoin ATM. Since bitcoin is not a currency in China, the ATM is just labeled as an automatic exchanging machine of virtual goods, and doesn’t deal with any bank account,” he said.However Robocoin has had some setbacks. When they asked to put one of their Bitcoin ATM’s in Taiwan the Taiwanese regulators moved to block the installation of Robocoin ATMs this January.The government officials argued that the installation of Bitcoin ATM’s would require approval from the country’s Financial Supervisory Commission.
However one Lamassu machine is reportedly operational in Taiwan. So it is a bit strange that the Taiwanese government would allow Lamassu but not Robocoin ATM’s.
