Topic: GBA TO LAUNCH FIRST ROBOCOIN BITCOIN ATM IN THE U.K - page 2. (Read 3300 times)
Does anyone wonder if the various countries' tax authorities might start surveillance of these ATMs? Sounds ultra paranoid, but what if they get (more) desperate? is it against the law to purchase BTC whilst wearing a Guy Fawkes mask?
I think it is good to have something legal in place to make the users of the machine rest assured and also gives the owners and operators and vendors a good name but I guess that is just my opinion. I think all in all it can only enhance the name and presence of Bitcoin in general would you agree? 
Definately. Probably quite a few people will try out "this weird internet money thing" just because its easy this way.There is going to be a lot of excitement on opening day and there are lots of plans in the works for many other bitcoin related projects not just ATM machines so this will really bring Bitcoin the the Brits in a big way but not only for the Brits but globally. I am sitting on the edge of my seat wondering how big this company will grow by next year and what service it will do for Bitcoiners the World over..
I think it is good to have something legal in place to make the users of the machine rest assured and also gives the owners and operators and vendors a good name but I guess that is just my opinion. I think all in all it can only enhance the name and presence of Bitcoin in general would you agree?
Definately. Probably quite a few people will try out "this weird internet money thing" just because its easy this way. If everyone believes only saints are going to use Bitcoin we are not wearing rosy colored goggles but give the Coin a chance. 
I wasnt arguing against the coin, just wether those restrictions make any sense in conjuction with bitcoin. But since "following the money trail" is a common tactic and the blockchain is public for all time i kinda doubt bitcoin will be very attractive for criminals.I think it is good to have something legal in place to make the users of the machine rest assured and also gives the owners and operators and vendors a good name but I guess that is just my opinion. I think all in all it can only enhance the name and presence of Bitcoin in general would you agree?
If everyone believes only saints are going to use Bitcoin we are not wearing rosy colored goggles but give the Coin a chance.
I wasnt arguing against the coin, just wether those restrictions make any sense in conjuction with bitcoin. But since "following the money trail" is a common tactic and the blockchain is public for all time i kinda doubt bitcoin will be very attractive for criminals. I don't know all the protocols off hand in place but there are people operating the ATM in the Cafe so it's gonna be obvious if the same peep comes to try get money in or out..
Hmm, so the "gang" splits funds first and each one gets just below registered amount?Well, i guess they could go for camera surveilance, but then again, i heard the best prices are allways on halloween, no?
I don't know why a lot of you are focusing always on the dark side of Bitcoin use. Fiat has been around for centuries along with the Pimps, Prostitution and slavery, gambling, drug dealing, wars and what not. Bitcoin ATMS bring Bitcoin to the masses and if 1% of the population is dodgy let the Police and Crime fighters sort them out as that is their job. If everyone believes only saints are going to use Bitcoin we are not wearing rosy colored goggles but give the Coin a chance.
I don't know all the protocols off hand in place but there are people operating the ATM in the Cafe so it's gonna be obvious if the same peep comes to try get money in or out..
Hmm, so the "gang" splits funds first and each one gets just below registered amount?Well, i guess they could go for camera surveilance, but then again, i heard the best prices are allways on halloween, no?
We are featured here too..Looks like the news is going Viral..
This will make the purchasing and selling of BTC accessible to Everyone...
http://www.ibtimes.co.uk/uks-first-bitcoin-atms-coming-central-london-february-1433362
http://uk.news724.com/uks-first-bitcoin-atms-coming-to-central-london-in-february/
http://www.ibtimes.co.uk/bitcoin-centre-nyc-launches-open-source-atm-software-1433269
Also reason why we chose Robocoin against all other machines and technology is because it is a 2 way dispensing machines..others only sell BTC not the other way around..
This will make the purchasing and selling of BTC accessible to Everyone...
http://www.ibtimes.co.uk/uks-first-bitcoin-atms-coming-central-london-february-1433362
http://uk.news724.com/uks-first-bitcoin-atms-coming-to-central-london-in-february/
http://www.ibtimes.co.uk/bitcoin-centre-nyc-launches-open-source-atm-software-1433269
Also reason why we chose Robocoin against all other machines and technology is because it is a 2 way dispensing machines..others only sell BTC not the other way around..
Great news there Global Bitcoin ATM the first in the UK lovely and sweet!
We were featured here in Coindesk..very interesting read..
Terry James was Interviewed who is one of our Directors..enjoy..
http://www.coindesk.com/startups-race-install-londons-first-bitcoin-atm/?utm_source=CoinDesk+subscribers&utm_campaign=821d42910b-EMAIL_RSS_CAMPAIGN&utm_medium=email&utm_term=0_74abb9e6ab-821d42910b-75912605
Terry James was Interviewed who is one of our Directors..enjoy..
http://www.coindesk.com/startups-race-install-londons-first-bitcoin-atm/?utm_source=CoinDesk+subscribers&utm_campaign=821d42910b-EMAIL_RSS_CAMPAIGN&utm_medium=email&utm_term=0_74abb9e6ab-821d42910b-75912605
Thanks for the link. I like the bit about there being no laws or regulations to cover it. Lets see how long that lasts.
Can Robocoin can accept multiple documents?
I think it possible the regulators would regard a combination of a passport and a photo driving license as sufficient proof of id and address. There would be too much potential for fraudulent abuse with a single document.
A one way bitcoin machine could be classed as a vending machine or something similar, but if it pays out real cash then it might be classed as a betting machine or a cash point. That wouldn't be great for you as the regulations are strict.
People most definitely would be hanging around, using it to clean illegal cash if at all possible. A number of gangs in London use 'fixed odds' betting machines in bookies in some areas for precisely this purpose. They pay groups of men to feed money into machines continuously. The winnings are all legitimate and tax free and it matters not at all that they are losing several percent in losing bets. The bookies don't care that much as the machines are highly profitable.
Having said that I would check it out if it is easier to pay in money than the current tortuous methods.
We were featured here in Coindesk..very interesting read..
Terry James was Interviewed who is one of our Directors..enjoy..
http://www.coindesk.com/startups-race-install-londons-first-bitcoin-atm/?utm_source=CoinDesk+subscribers&utm_campaign=821d42910b-EMAIL_RSS_CAMPAIGN&utm_medium=email&utm_term=0_74abb9e6ab-821d42910b-75912605
Terry James was Interviewed who is one of our Directors..enjoy..
http://www.coindesk.com/startups-race-install-londons-first-bitcoin-atm/?utm_source=CoinDesk+subscribers&utm_campaign=821d42910b-EMAIL_RSS_CAMPAIGN&utm_medium=email&utm_term=0_74abb9e6ab-821d42910b-75912605
...I have been twice to the Robocoin machine in Vancouver and if over 1k Canadian dollars you need to put in i.d and be scanned like you do at airports lol.
What's to prevent someone from doing multiple transactions of less than 1K Cdn to avoid "documentation"?
I don't know all the protocols off hand in place but there are people operating the ATM in the Cafe so it's gonna be obvious if the same peep comes to try get money in or out.. All I know is the Machine is compatible with Federal laws in each country like the Machines to be deployed in the U.K are fully compliant and FCA approved.
Thanks for the information.
People new to cryptos should be able to get enough to satisfy their curiosity. This is a good thing, widespread adoption has to start somewhere. Though I wonder if the operators of the ATM would do anything to prevent clients from making multiple buys? Don't think they're law bound to do so.
Good to see the proliferation of these machines. Has anyone done a count of just how many there are? Of course, that number seems to be changing daily.
...I have been twice to the Robocoin machine in Vancouver and if over 1k Canadian dollars you need to put in i.d and be scanned like you do at airports lol.
What's to prevent someone from doing multiple transactions of less than 1K Cdn to avoid "documentation"?
I don't know all the protocols off hand in place but there are people operating the ATM in the Cafe so it's gonna be obvious if the same peep comes to try get money in or out.. All I know is the Machine is compatible with Federal laws in each country like the Machines to be deployed in the U.K are fully compliant and FCA approved.
...I have been twice to the Robocoin machine in Vancouver and if over 1k Canadian dollars you need to put in i.d and be scanned like you do at airports lol.
What's to prevent someone from doing multiple transactions of less than 1K Cdn to avoid "documentation"?
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Great news. I'm sure we'll see a few pop up in other major cities this year.
Why would ID be sufficient but passports not?
I welcome any Bitcoin cash machine and welcome being corrected, but the UK has got to be one of the most backwards countries in the EU when it comes to Bitcoin. I seriously doubt they can meet the regulations required for a two way mechanism to operate within the law. The UK doesn't have ID cards and passports are not going to be sufficient ID to prevent abuse.
Why would ID be sufficient but passports not?
I welcome any Bitcoin cash machine and welcome being corrected, but the UK has got to be one of the most backwards countries in the EU when it comes to Bitcoin. I seriously doubt they can meet the regulations required for a two way mechanism to operate within the law. The UK doesn't have ID cards and passports are not going to be sufficient ID to prevent abuse.
Company details as listed with Companies House -
http://wck2.companieshouse.gov.uk//compdetails
Only been trading just over a month now...
http://wck2.companieshouse.gov.uk//compdetails
Only been trading just over a month now...
Yeah, to go both ways would be great.
This will hopefully see more places accepting BTC now aswell.
This will hopefully see more places accepting BTC now aswell.
Nope it is a two way machine and there are limits to how much you can pull out or put in in a day. I have been twice to the Robocoin machine in Vancouver and if over 1k Canadian dollars you need to put in i.d and be scanned like you do at airports lol.
cool! i think this is a big step in bitcoin's life, as it'll make it much easier for the average joe to actually use bitcoin. i look forward to my first use of such a machine
What about how much you can pull out in fiat??
I will ask my Friends about that they have all the info. I just bought BTC from the Machine in Vancouver twice so let me get back to you on that..I think for every country there are different regulations regarding money laundering but I will ask what it is for the U.K if you like back and forth fiat and btc.. Very good question..
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