First Bitcoin ATM Installed In Gibraltar

in bitcoin •  last year

The British territory of Gibraltar has got its first Bitcoin ATM. The BTM was reportedly installed in the reception area of the World Trade Center Gibraltar. It currently accepts Gibraltar pounds, British pound sterling and Euro notes. Bitcoin enthusiast Ludek Safranek is the owner of the first BTM in Gibraltar. According to Coinatmradar, the machine charges a fee of 4.3% on purchasing Bitcoin. Altcoins will be added soon to this BTM.

Source

Gibraltar has now become one of the hotspots for cryptocurrency companies due to its attractive tax benefits and loose regulations. The Gibraltar Stock Exchange approved a Bitcoin Exchange Traded Instrument (ETI) which invests exclusively in bitcoin in July 2016. The government of this European tax haven is presently working on cryptocurrency regulation.

Upvote and Resteem this post if you like it. Follow @pijushmitra for latest updates.  

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

@pijushmitra got you a $1.63 @minnowbooster upgoat, nice!
@pijushmitra got you a $1.63 @minnowbooster upgoat, nice! (Image: pixabay.com)


Want a boost? Click here to read more!

This post has received a 1.56 % upvote from @drotto thanks to: @banjo.