Prague Subway equipped Now with 10 New Bitcoin ATMs

Large Bitcoin ATM manufacturer, General Bytes, has lately set 10 new cryptocurrency ATMs throughout the Prague subway in the Czech Republic
28 May 2018   1538

Presently commuters using the Prague Metro can buy digital assets at different  locations placed across the fifth busiest metro system in Europe. The Czech Republic-based company General Bytes has displayed the installation of 10 new crypto ATMs spread out across the Prague Metro. The subway gains more than 1.6 million people in daily foot traffic and is one of the intent metro systems in Europe. The General Bytes machines are situated at Můstek, Nádraží Veleslavín, Dejvická, Florenc, Černý Most, Zličín, Pankrác, Flora, Skalka, and Hlavní Nádraží. Moreover, General Bytes affords a detailed map and description of each location on the website.

The new equipment will supposed to get some use in the region as Prague is considered a booming crypto hub, as the area is filled with a numberof crypto-enthusiasts. For example, the area is home to the Crypto Anarchy Institute, Paralelní Polis, and a few cryptocurrency businesses including the ATM manufacturer General Bytes.

The Czech government is rather friendly to cryptocurrencies and politicians haven’t controlled digital currencies or determined them as a currency or commodity like other nation states. Just 3 days ago one of the largest energy suppliers in the Czech Republic, Pražská Plynárenská, declared it was accepting BTC for payments.  

Including the ten new machines, the Czech Republic will now have a total of 46 cryptocurrency ATMs and 27 of those devices are placed in Prague. According to Coinatmradar out of the 3,122 cryptocurrency ATMs, General Bytes now has 858 worldwide.

VanEck & SolidX to Withdraw BTC ETF Application

Bitwise and Wilshire Phoenix' Bitcoin applications are still pending
18 September 2019   46

The bid for Bitcoin ETF launch by VanEck and SolidX, considered the most likely candidate for approval, was withdrawn amid continuing uncertainty from the US Securities and Exchange Commission (SEC).

VanEck and SolidX planned to place their Bitcoin ETFs on the Chicago Options Exchange (Cboe). However, as follows from the notification published on Tuesday, on September 13, the latter withdrew the application for a change in the rules, which, if approved, would allow launching the corresponding tool.

Previously, SEC postponed the solution several times at the request of VanEck and SolidX. The last time this happened in August was when the decision on Bitcoin ETFs from Bitwise Asset Management and Wilshire Phoenix was also postponed.

The final deadlines for decision making on Bitwise and VanEck / SolidX applications were on October 13 and 18, respectively. Wilshire Phoenix's decision is due on September 29th.

It should be noted that over the past few years, various companies have sought approval from the SEC to launch exchange-traded funds, but each time the regulator refused. Most often, the reasons for the negative decision were explained by the risks of market manipulations and insufficiently developed market control tools.