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CoinNetwork

Crypto World News reports that cryptocurrency ATM network operator Coinhub has announced a partnership with JR West Japan SC Development. The two parties plan to set up the first Coinhub cryptocurrency ATM in West Japan at the commercial facility “Tennoji Mio” in Tennoji Ward, Osaka. The first machine is expected to be located on the 2nd floor of the Plaza Hall.



The ATM will allow users to buy cryptocurrencies with cash, as well as sell cryptocurrencies and withdraw cash on-site. Coinpost says that Japanese cryptocurrency ATMs temporarily exited the market after 2018 due to strengthened regulation, and are now redeployed only by operators that meet Financial Services Agency registration requirements, anti-money laundering requirements, and KYC requirements.

Coinhub says its future goal is to build a network on the scale of 3,000 machines.
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GasFeeGambit
· 1h ago
Cash ↔ Crypto Two-Way Exchange, a necessity for groups without bank accounts, but don't charge sky-high fees like in Europe and America.
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PerpNightwatch
· 2h ago
3,000 units are highly ambitious, but with Japan’s strict KYC, the compliance cost behind each machine is enough to be a real headache.
View OriginalReply0
Lightning-FastComposure
· 2h ago
JR West Japan has also entered the scene; traditional transportation sector capital is starting to deploy in the crypto space. This signal is quite interesting.
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0xLateComer
· 2h ago
Tennoji Mio's location is smart; it has high foot traffic and many young people. The offline currency exchange scene has finally returned to Osaka.
View OriginalReply0

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