Most governments are, that's why they are imposing different laws in line with cryptocurrencies. As for the atm, 5% is indeed a big fee but business is business; the owner of this atm took the risk on spreading the word by installing a bitcoin atm in the country. That itself, I think is charity.
3 percent VAT. 1 percent of the rental. 1 percent of profits. You're right, I do not expect to profit. But we need to talk about it, and we heard the regulators. In neighboring Kyrgyzstan, a terminal has been running for a year. I do not know if they have a profit machine
But they are even more expensive of my terminal. (Lamassu)
if you are looking for a way to try 'hiding' the fee so it doesnt appear as bad, play the spreads of the markets.
for instance in america
coinbase $426
bitfinex $421
when selling bitcoin to users, you first buy it (behind the scenes) from bitfinex and sell to others at the coinbase price (1% profit). customers dont see it as a 1% fee because you are offering it to them at the exact price coinbase does
when buying bitcoin you display to customers the bitfinex price, but then sell it (behind the scenes) on coinbase (1% profit). customers dont see it as a 1% fee because you are offering it to them at the exact price bitfinex does.
so by displaying it as a 'spread' it feels less like a fee, and many customers complain less because of it
