The Fastest, Safest and Easiest way to get your bitcoins! Most Established and Trusted Bitcoin Machines Operator in Asia since 2014. We buy bitcoin daily from and bitcoin atm machines to 2pm at Hong Lim Complex. As Singaporeans we are excited to bring the one of the first Bitcoin Vending Machines to Singapore.
We think this groundbreaking technology could flourish in Asia. Singapore is well suited as one of the freest economies in world and Bitcoin itself brings freedom to its users. If you wonder what Bitcoin is, there is an excellent guide on bitcoin. The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. While some countries have explicitly allowed its use and trade, others have banned or restricted it. According to the European Central Bank, traditional financial sector regulation is not applicable to bitcoin because it does not involve traditional financial actors.
Others in the EU have stated, however, that existing rules can be extended to include bitcoin and bitcoin companies. The European Central Bank classifies bitcoin as a convertible decentralized virtual currency. In July 2014 the European Banking Authority advised European banks not to deal in virtual currencies such as bitcoin until a regulatory regime was in place. You can help by adding to it. The purchase, sale, use, and holding of so-called virtual currency is prohibited. Virtual currency is that used by internet users via the web. It is characterized by the absence of physical support such as coins, notes, payments by cheque or credit card.