Gallery: Robocoin Debuts its First Bitcoin ATM in China

Las Vegas-based online bitcoin banking provider and ATM manufacturer Robocoin has debuted its first machine in China.

indicates that Chinese consumers can now buy and sell bitcoin for Chinese yuan at Beijing's Satoshi Plaza – a 1,000-square-meter bitcoin meetup space and incubator.

Commenting on the announcement, CEO Jordan Kelly stressed the effort needed to bring the unit to China, saying:

"Our Chinese partners have gone through great lengths to provide Bitcoin enthusiasts and newcomers the easiest and fastest access to bitcoin in the most compliant way. We seek to meet all regulatory requirements and hope that we can continue to prosper in China."

The acceptance of Chinese yuan marks the 13th currency used to date in a Robocoin bitcoin ATM.

The launch is notable as Robocoin has faced obstacles installing units in Asia.

Taiwanese regulators moved to block the installation of Robocoin ATMs this January. At the time, government officials indicated that the installation of bitcoin ATMs would require approval from the country's Financial Supervisory Commission. Today, however, one Lamassu machine is reportedly operational.

The Robocoin unit is also not the first bitcoin ATM in the country. That honor was designated to a unit made by Robocoin rival Lamassu and operated by BTC China in Shanghai.

To find more bitcoin ATM locations in your area, check out the official CoinDesk Bitcoin ATM Map.

Images via Robocoin

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Pete Rizzo

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.