First Bitcoin ATM Goes Live in Mongolia

Although the vast majority of Bitcoin ATMs are located in Europe and America, even countries like Mongolia that have a relatively small but growing cryptocurrency ecosystems, are seeing Bitcoin ATMs popping up.

On January 21, 2018, the first Bitcoin ATM - a model by manufacturer Genesis Coin - was installed in the city of Ulaanbaatar, the capital of Mongolia. The new ATM is operated by TRADE Digital Exchange (TDX), a Mongolian cryptocurrency exchange with 12,000+ clients based out of Ulaanbaatar.

According to ATM tracking site CoinATMRadar, TDX's first Bitcoin ATM was installed inside the National Information Technology Park, an IT center launched in 2002 by the Mongolian Government with assistance from the South Korean government.

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