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The ATM, located in Ipoh, has been in operation since when local digital currency exchangerPinkexc introduced the machine. The founders of Pinkexc told ChinaPress that the machine was imported from Portugal, costing approximately RM70, The inspiration to set up a bitcoin ATM in Malaysia came when the founders were travelling in Japan and South Korea, as revealed in a report by the Chinese daily yesterday, 15 January. The two countries were some of the earliest adopters of cryptocurrencies in the Asia region. The founders revealed that traders would normally withdraw RM to RM in one transaction. For withdrawals exceeding RM, an online transfer is required. Besides bitcoin, the machine provides trading services for other cryptocurrencies like Ethereum, Bch, Lite, and Dash.
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