A shipment of Bitcoin ATMs has reached the Isle of Man, and are due to be deployed soon.
The machines, built by Lamassu, will be operated by Qwikbit, whose expressed goal is “to bring you Bitcoin ATMs throughout the UK. ”
The company is currently in communications with the Financial Supervision Commission on their launch. Once they’ve ironed out all the issues, Qwikbit will launch a number of their Bitcoin ATMs in the Isle of Man, and several other places throughout the UK.
Bitcoin Island
The Isle of Man has been positioning itself as a Bitcoin haven for some time.
The self-governing British crown dependency recently clarified its position on how its financial regulations would apply to cryptocurrency. Essentially, they won’t be introduing restrictive protections or regulations until the market develops, implementing only the proper protection against fraud under their Financial Services Act.
Their idea is to court Bitcoin businesses and professionals to do business in the Isle of Man. And with an increasing number of jurisdictions becoming hostile to Bitcoin or outright banning it, the Isle of Man may position itself to benefit from the inevitable cryptocurrency explosion.
Isle of Man Gets Its First Bitcoin ATMs
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