Dubai's 1st Bitcoin ATM removed by government for not having KYC

posted 26 days ago
10 days ago Dubai got its first Bitcoin ATM, only to have the government remove it a few days later for not having KYC. The 5 star hotel that housed it, Amhora, claimed the ATM was licensed by the Department of Economic Development.

However, the authorities weren’t in agreement with the no-KYC Bitcoin ATM after all, because the authorities removed it a few days later. Amhora did state that the removal is temporary and the ATM would be back after fulfilling all necessary obligations.
Tags: opinion, bitcoin, news