Despite the uncertainty concerning developments to Bitcoin in recent times, selling virtual currency ATMs are still in operation in Singapore on 27/2.
This is the first Bitcoin ATM release in Asia. Customers can use cash to buy Bitcoin. According to CNBC, the above special ATMs are located in The Spiffy Dapper, a bar in the area of the central business district of Singapore. This is also the first ATM Bitcoin sale in Asia - according Tembusu, the new company established in Singapore role fabrication, installation and operation of the machine.
The aforementioned ATMs operating under the mode of taking cash, even from 2 Singapore dollars, or about $ 1.5, and release a QR code bill. This code can be scanned (scanning) by a mobile app, then Bitcoin is transferred to the account of the client. Each purchase Bitcoin ATMs, the customer must pay a transaction fee of 5%.

"There has been about 30 points of sale, from the food stalls to shop for electronics, in Singapore accept Bitcoin. The usage of this virtual currency is increasing, "said Peter Peh Wee Sik, a manager of Tembusu said. "There are many people to the stores say that they want to pay with Bitcoin, but did not know where to buy Bitcoin. Therefore, we want to fill this market, "Mr Wee said.

With the aforementioned ATM, customers can not switch from Bitcoin into cash. However, the company said Tembusu, this functionality will be added soon. Tembusu aims to install 100 such machines in retail outlets in Singapore in 2013 this. Tembusu took two months to sell Bitcoin ATMs manufactured. The machines are manufactured entirely in Singapore, with a total hardware cost 3,000 Singapore dollars.

Monitoring Monetary Authority of Singapore, the agency role of the central bank of the country, does not regulate virtual currencies like Bitcoin. However, the company registered in Singapore using Bitcoin transactions in exchange for goods and services tax payable for such transactions.

The sale of Bitcoin ATMs in operation in Singapore took place just days after the Mt. Gox, virtual currency trading platform based in Tokyo, Japan, suddenly closed. MT. Gox Bitcoin Exchange once the largest in the world. As of yesterday, according to data Bitcoin price of around 565 USD CoinDesk page / Bitcoin. Present value is the virtual currency recovered slightly after the shot fell into the first week.