“The 400 sq ft shop in Sai Ying Pun, in Hong Kong Island’s Western district, is the brainchild of Asia Nexgen Bitcoin Exchange. ‘The biggest issue people have right now is buying the bitcoin. People have to put money in, trade it through an exchange online,’ which takes time, said Lo Ken-bon, the co-founder and chief executive of Asia Nexgen. ‘Now, you walk into the store, hand over your cash and send the bitcoin to your digital wallet.’ Bitcoin enthusiasts will be asked to provide an identity card and proof of address, to comply with Customs and Excise rules on money laundering. A trio of start-ups are racing to install the city’s first bitcoin automated teller machine.”
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Tip Freedomwat.ch Staff with Bitcoin
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