Friday, 24 May 2013

Legal grey area has Bitcoin ATMs treated as money-laundering machines

“The Robocoin is an ATM for Bitcoins, and for a few glorious days this past weekend, on a conference center floor in San Jose, California, it dished out thousands of dollars in exchange for Bitcoins, the world's most popular digital currency.

The two brothers who built the Robocoin - Mark and John Russell, of Las Vegas - are still trying to figure out what to do with their contraption. But one thing's certain: they don't want to operate it on their own. Mark Russell isn't even sure if that's legal.’

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And now take a look at the Robocoin Bitcoin Kiosk at work.

 
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