New Singapore Bitcoin Regulations, for exchanges and ATMs regarding Money Laundering and Terrorist Financing prevention

Singapore, 13 March 2014 … The Monetary Authority of Singapore (MAS) said today that it will regulate virtual currency intermediaries in Singapore to address potential money laundering and terrorist financing (ML/TF) risks. 2   Virtual currency transactions, given their anonymous nature, are particularly vulnerable to ML/TF risks. To address this, MAS will introduce regulations to require virtual currency intermediaries1 that buy, sell or facilitate the exchange of virtual currencies for real currencies to verify the identities of their customers and report suspicious transactions to the Suspicious Transaction Reporting The…
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Tembusu Terminals Take $300k Funding, $5 million valuation (sgd), (this is asia’s first bitcoin atm)

They really like the scribd press releases Tembusu Terminals is the first Asian Bitcoin ATM launched, and as gravy on top also a Singapore made and designed ATM. (Press Release 11 March 2014) Tembusu Terminals closes million valuation seed round in record time. Tembusu Terminals is proud to announce that they have closed their seed funding round in record time after being valued at over million Singapore Dollars. The seed funding raised amount to over 300,000 Singapore Dollars, and will form the bulk of the working capital required for the fledgling…
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Korea gets First Bitcoin ATM!

;logNo=30186566200 It is located in "COEX Convention Center at an underground coffee shop in Seoul’s Samsung neighborhood", South Korea. Looks like a custom model, perhaps korean made? This is pretty cool, along with all the other bitcoin in korea stuff RubenSomsen 2 points 1 hour ago The ATM can be located in a cafe called Coffee Sedona, in the 2nd basement floor of the COEX Mall. To get there, simply take the subway to Samseong Station (삼성역) and you're there. kozazacom 1 point 5 hours ago Here's the…
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Tech in Asia: Hong Kong startup plans to open a local Bitcoin ATM network, to also serve altcoins

where is the dogecoin? Bitcoin, Litecoin, Namecoin, Novacoin, and Peercoin (note that hong kong gets its bitcoin atm presence via ANX too) Tight race in Asia Hong Kong startup plans to open a local Bitcoin ATM network February 28, 2014 at 12:03 pm by Paul Bischoff Hong Kong-based Bitcoin exchange HKCEx (Hong Kong Crypto Exchange) says it plans to set up a series of Bitcoin ATMs at some of the largest shopping and financial centers in the city (hat-tip to TechNode for spotting). The company’s recent $2 million funding from local investors…
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Coin Republic: 6 Bitcoin ATMs in Singapore, 4 online

Update: The site for the Lamassu has been changed from to Update: new rules AMLTF bitcoin intermediary regulations incoming for singapore If you want to give an ATM a try (I did, bring your mobile wallet): Numoni has 4 machines now: The 4Point3 Café at the Singapore Management University at the School of Information Systems at 80 Stamford Road B1-61A, Singapore 178902 Dynasty Audio N Cameras Pte Ltd, 1 Rochor Canal Road, 02-29 Sim Lim Square, Singapore 188504. Afeita Pte Orchard Road, #02-48 Lucky Plaza, Singapore 238863. Pic…
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The Race for Singapore’s First Bitcoin ATM, Asia

Update: The site for the Lamassu has been changed from to Update: new rules AMLTF bitcoin intermediary regulations incoming for singapore The race for Bitcoin ATMs is getting heated up in Asia, with numerous news boiling over in two key areas of Singapore and Hong Kong, which are crucial hubs in the bitcoin ecosystem of Asia. Not too long ago, on the front page of MyPaper 我报, Jacqueline Woo reported that Zann Kwan of Bitcoin Exchange would be bringing in a Lamassu (the one way vending machine) Bitcoin…
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