• About
  • Advertise
  • Contact Us
  • Privacy & Policy
Ayoki News
  • The Nation
    • News
    • People
  • Politics
  • International
  • Entertainment
    • Celebrity
    • Music
    • Movies
  • Business
    • Finance
    • Economy
    • Cryptocurrency
  • Education
  • Technology
  • Health
  • Sport
  • Column
  • Sponsored
  • Others
    • Climate
    • Court
    • Culture
      • Arts
    • Disasters
    • Infrastructure
    • Lagos
    • Linkinbio
    • Love and sex
    • Opinion
    • Pollution
    • Religion
    • Lifestyle
    • Royal Family
  • Security
    • Crime
    • Terrorism
  • Social Media
  • Transportation
    • Travel
    • Travel
  • Wedding
  • The Nation
    • News
    • People
  • Politics
  • International
  • Entertainment
    • Celebrity
    • Music
    • Movies
  • Business
    • Finance
    • Economy
    • Cryptocurrency
  • Education
  • Technology
  • Health
  • Sport
  • Column
  • Sponsored
  • Others
    • Climate
    • Court
    • Culture
      • Arts
    • Disasters
    • Infrastructure
    • Lagos
    • Linkinbio
    • Love and sex
    • Opinion
    • Pollution
    • Religion
    • Lifestyle
    • Royal Family
  • Security
    • Crime
    • Terrorism
  • Social Media
  • Transportation
    • Travel
    • Travel
  • Wedding
No Result
View All Result
Ayoki News
No Result
View All Result
Home Cryptocurrency

Bitcoin ATMs finally return to Japan

On Tuesday 2nd, August 2022, the cryptocurrency exchange platform; Gaia Co., Ltd told the public about its plans to create crypto ATMs or as they called them – BTMs (Bitcoin ATM)

Blockchain Jew by Blockchain Jew
August 5, 2022
in Cryptocurrency
Reading Time: 2 mins read
0
Japan Virtual Currency Exchange Association
Share on FacebookShare on Twitter

On Tuesday 2nd, August 2022, the cryptocurrency exchange platform; Gaia Co., Ltd told the public about its plans to install crypto ATMs or as they called them – BTMs (Bitcoin ATM) that support Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH) in local towns of Tokyo and Osaka; Japan.

After four years, Bitcoin ATMs finally return to Tokyo

ReadAlso

CBN plans regulatory framework for cryptocurrencies

Coinbase paves way for users to participate in crypto policy making

This is not the first time that a crypto ATM is being built or provided for public use in Japan, as, in 2014, crypto ATMs became a public amenity with which users could easily purchase Bitcoin (BTC) and other cryptocurrencies with their fiat.

All this turned sour during the crypto winter in 2018 when the Japanese-based bitcoin and wallet exchange company – Coincheck was hacked and over $500 million worth of crypto assets were siphoned from the company, due to this tragic incident the interest to use any crypto ATMs died instantly.

To utilize the new BTMs offered by Gaia, users would need to register with the company to get a unique card that enables them to withdraw from the machine, users would be allowed to withdraw a maximum amount of $747 worth of crypto assets per transaction and $2,243 per day.

Though the transaction limit was seen to be ridiculous, reports prove that it was in accordance with Anti-Money Laundering (AML) measures and since Gaia would be the first local crypto exchange to rekindle the crypto ATM vogue in Japan, it is only wise that they follow due procedures.

Bitcoin ATM return back to Japan after four years

The crypto exchange further explained that though they are starting with Tokyo and Osaka, they have bigger projections towards providing Bitcoin ATMs in over 50 different locations in Japan within the next twelve months and also installing over 130 BTMs within the next three years.

The rebirth of Crypto in Japan

Despite the Coincheck hack in January 2018 which led the authorities to set up a strict regulatory body – Japan Virtual Currency Exchange Association (JVCEA), it seems like the government has gotten a soft spot for cryptocurrency considering the approval for the reinstallation of Bitcoin ATMs.

Tags: BitcoinCryptocurrencyhackJapan
Previous Post

Quit singing, police warns ‘out-of-tune’ Bangladeshi singer

Next Post

Biafra: Shut down IPOB-linked YouTube channels – Buhari govt tells Google

Blockchain Jew

Blockchain Jew

Related Posts

CBN plans regulatory framework for cryptocurrencies
Business

CBN plans regulatory framework for cryptocurrencies

January 5, 2023
Coinbase Launches Voter Registration Tool Ahead of November Elections
Business

Coinbase paves way for users to participate in crypto policy making

August 26, 2022
Enforcement Directorate probes WazirX
Business

WazirX gets probed by ED for money laundering

August 8, 2022
UK court approves the use of NFT to serve lawsuits
Cryptocurrency

UK court Approves the Use of NFT to deliver lawsuit

July 17, 2022
Brave browser will now support the Solana based Dapps
Cryptocurrency

The Brave web browser will now support Solana Dapps

July 15, 2022
aave-protocol proposes a new decentralized stablecoin
Cryptocurrency

AAVE Proposes to Launch a decentralized stablecoin

July 10, 2022
Next Post
Biafra: Shut down IPOB-linked YouTube channels – Buhari govt tells Google

Biafra: Shut down IPOB-linked YouTube channels – Buhari govt tells Google

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter Signup

  • Trending
  • Comments
  • Latest
FLASHBACK: How Igbos Stoned Awolowo In Aba — Pa Adebanjo

FLASHBACK: How Igbos Stoned Awolowo In Aba — Pa Adebanjo

August 14, 2022
How To Use Bitter Kola To Treat Eye Defects

How To Use Bitter Kola To Treat Eye Defects

May 5, 2022
FGC Ijanikin Students Caught Engaging In Threes0mes

FGC Ijanikin Students Caught Engaging In Threes0mes

January 4, 2023
Femi Adesina

NNPC Declared Profit Because President Buhari Didn’t Make It A Personal ATM – Femi Adesina

September 3, 2021
Terrorists Planning To Attack America – Primate Ayodele Warns

Terrorists Planning To Attack America – Primate Ayodele Warns

5
Primate Ayodele Calls For An End To ‘Politics Of Money’

Primate Ayodele Calls For An End To ‘Politics Of Money’

4
Olusegun Obasanjo

Africa’s Increasing Population Keeps Me Awake At Night – Olusegun Obasanjo

4
Femi Adesina

NNPC Declared Profit Because President Buhari Didn’t Make It A Personal ATM – Femi Adesina

4
Uncertainties might persist amid high risks to financial stability – IMF

Uncertainties might persist amid high risks to financial stability – IMF

March 27, 2023
Amuneke declares interest in Super Eagles coaching job

Amuneke declares interest in Super Eagles coaching job

March 27, 2023
ASUU strike: Money spent on politics can meet lecturers’ demands – Shehu Sani

Power derived from rigged elections not from God – Shehu Sani

March 27, 2023
Stock investors record N13bn loss in seven days over interest rates hike

Stock investors record N13bn loss in seven days over interest rates hike

March 27, 2023

Recent News

Uncertainties might persist amid high risks to financial stability – IMF

Uncertainties might persist amid high risks to financial stability – IMF

March 27, 2023
Amuneke declares interest in Super Eagles coaching job

Amuneke declares interest in Super Eagles coaching job

March 27, 2023
ASUU strike: Money spent on politics can meet lecturers’ demands – Shehu Sani

Power derived from rigged elections not from God – Shehu Sani

March 27, 2023
Stock investors record N13bn loss in seven days over interest rates hike

Stock investors record N13bn loss in seven days over interest rates hike

March 27, 2023
Ayoki News

Ayoki News is a Nigerian based international media organization, dedicated to the main core of true journalism. Our mission is to provide quality news reporting and coverage.

Follow Us

Browse by Category

Recent News

Uncertainties might persist amid high risks to financial stability – IMF

Uncertainties might persist amid high risks to financial stability – IMF

March 27, 2023
Amuneke declares interest in Super Eagles coaching job

Amuneke declares interest in Super Eagles coaching job

March 27, 2023
  • About
  • Advertise
  • Contact Us
  • Privacy & Policy

© 2022 Ayoki Media.

No Result
View All Result
  • The Nation
    • News
    • People
  • Politics
  • International
  • Entertainment
    • Celebrity
    • Music
    • Movies
  • Business
    • Finance
    • Economy
    • Cryptocurrency
  • Education
  • Technology
  • Health
  • Sport
  • Column
  • Sponsored
  • Others
    • Climate
    • Court
    • Culture
      • Arts
    • Disasters
    • Infrastructure
    • Lagos
    • Linkinbio
    • Love and sex
    • Opinion
    • Pollution
    • Religion
    • Lifestyle
    • Royal Family
  • Security
    • Crime
    • Terrorism
  • Social Media
  • Transportation
    • Travel
    • Travel
  • Wedding

© 2022 Ayoki Media.