The first two-side bitcoin ATM machine appears in HongKong .Purchasing bitcoin or exchanging cash is less than 1 minute ,while traditional bitcoin ATM machines need several hours to open the accounts on platforms .Meanwhile ,this machine don’t save individual information ,saving bitcoin in electronic wallet rather than network platforms which improves the safety .
When informed whether not saving individual information will be convenient to money laundering ,the bitcoin ATM machine founder said ,exchanging cash through electronic wallet should input password and be kept record .Additionally ,we have software to supervise .So we enjoy supervision ability to some suspicious trade.Its stragety master Lin zhi da said ,we will save clients’ information if the supervision organizations demand .He also emphasized ,with cooperating with operators ,they can trade and provide service through bank accounts .Thus ,they have the ability to control money laundering to some extent .
Its founder pointed that as electronic currency ,the supervision ordinance in HongKong and Macao defines bitcoin as goods not currency ,while bitcoin two-side trade is similar to goods trade ,but not accept deposit .Therefore ,it doesn’t refer to the limit of money trade license.
Yes !The HongKong Monetary Authority will not manage now ,but it will warn the public to pay attention to bitcoin change and risk .
The HongKong Monetary Authority reacted to the media with 4 point .First ,virtual goods price may change rapidly in a short time ,so customers and commercial organizations may get a big loss for changing price .
Second ,Because virtual goods usually are not published by identifiable publishers ,so if virtual goods are stopped to be traded ,customers and commercial organizations will not gain any refund .
Third ,we warn customers and commercial organizations to prevent virtual goods trade risk ,improving their warning .
Finally ,the public should know the machine is a kind of automat ,not common ATM .In addition ,we also warn all customers and commercial organizations that the machine isn’t run by banks .
Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it.
