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The Bitcoin ATM That Was Unveiled At A Boujee Dubai Hotel Has Already Been Removed

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The first ever ATM for Bitcoin introduced in Dubai has already been removed.

Bitcoin is a cryptocurrency, a form of electronic cash, usually purchased digitally, but it became available to buy at the Rixos Premium, located in JBR for a short time.

Amhora, a UAE based company made the announcement and an article posted to Bitcoinist reported that the ATM was fully licensed by the Department of Economic Development, while also claiming people can now buy Bitcoin in Dubai, without an ID, 'no questions asked'.

The ATM was installed this week

However, it's been 'temporarily' removed after a brief run-in with law enforcement

The ATM will charge you 5% commission on your total purchase

If permitted, the ATM offers competitive rates and reports suggest there will eventually also be a 'sell' option for the cryptocurrency.

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