Japan opened in 2014 and closed in 2018. Crypto ATMIt is getting ready to open them for use again after 4 years.
Japanese local stock exchange Gaia Co. Osakaand Tokyo It is getting ready to bring crypto ATMs back in . It is planned to install 130 ATMs in the next 3 years.
Gaia Co. in a statement on Tuesday Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) ) He stated that he will open the BTMs that support them. Although crypto ATMs launched in Japan in 2014, the $530 million hack of local exchange Coincheck and the impact of the crypto winter of 2018 dampened the local industry’s interest in crypto ATMs.
At this point BTM bitcoinIt should be noted that it is used for ATMs where transactions are made.
Targets High for Crypto ATMs in Japan
Initially, Bitcoin ATMs (BTMs) will launch in Tokyo and Osaka, but the firm aims to launch 50 BTMs in the next 12 months. As a target, the company plans to open 130 BTMs in the next 3 years. BTMs will allow users to withdraw $747 or JPY 100,000 per transaction and a maximum withdrawal of $2,243 or 300,000 yen per day. Limited withdrawals money laundering (AML)And since it is very important for the compatibility part, such a limitation will be introduced.
According to a report by local media outlet Mainichi Shimbun, the move from Gaia will be the first ATMs installed by a local registered exchange in Japan.
Those who want to use BTMs must have a card of their own. After the card is approved, users will be able to send their crypto assets to BTM via smartphone and withdraw their return in yen from BTM.
