A private business in Kosovo is gearing up to install its first bitcoin ATM amid warnings from the country’s central bank.
According to regional news source Balkan Insight, the ATM is expected to be placed in the center of Pristina, the country’s capital city. Operated by IT systems firm Albvision Ltd, the machine will support transactions in bitcoin, and soon, 10 other cryptocurrencies.
The firm also has bitcoin ATMs planned for cities in two other Balkan countries: Tirana in Albania, and Skopje in the Republic of Macedonia.
Still, the decision to launch the unit has attracted attention from the country’s financial regulators, who stressed that cryptocurrencies are lacking consumer protections due to a lack of local regulation.