Irish Pub no longer accepting Bitcoin, cites issues of legality of Bitcoin ATMs in country
The Baggot Inn, a pub located in Dublin's city center, will no longer be accepting Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term. Its bitcoin ATM has also been removed from the premises. The pub's management said in a statement:
"We regret to announce (that) due to ongoing issues regarding the legality of Bitcoin ATMs in the Republic of Ireland, we can no longer accept Bitcoin Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term."
The pub is claimed as the first in the country to make a sale in bitcoin- a bottle of Kopparberg cider, for 0.0093 BTC last March. Its website has a page dedicated to Bitcoin.
A number of points still remain unclear. If only bitcoin ATMs are cited as a legal concern, were bitcoin payments (independent of an ATMs existence) also scrapped, and if so, why? The central bank does not regulate bitcoin and does not consider it legal tender, but has not banned it. Also, why would legal issues be ATM-specific, as implied by the statement?
Another Irish pub, which contends that it completed the first such sale in February, continues to accept bitcoin and says that doing so has been a huge success.
From the text of the Baggot Inn's statement, it does not appear that the suspension arose from legal concern of alcohol sales with bitcoin. In the US, the issue is apparently not so clear cut. While the Texas Alcoholic Beverage Commission (TABC) approved alcohol sales with bitcoin, the Ohio Department of Public Safety did not. The federal Alcohol and Tobacco trade bureau says such sales are permitted.
The Baggot Inn, a pub located in Dublin's city center, will no longer be accepting Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term. Its bitcoin ATM has also been removed from the premises. The pub's management said in a statement:
"We regret to announce (that) due to ongoing issues regarding the legality of Bitcoin ATMs in the Republic of Ireland, we can no longer accept Bitcoin Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term."
The pub is claimed as the first in the country to make a sale in bitcoin- a bottle of Kopparberg cider, for 0.0093 BTC last March. Its website has a page dedicated to Bitcoin.
A number of points still remain unclear. If only bitcoin ATMs are cited as a legal concern, were bitcoin payments (independent of an ATMs existence) also scrapped, and if so, why? The central bank does not regulate bitcoin and does not consider it legal tender, but has not banned it. Also, why would legal issues be ATM-specific, as implied by the statement?
Another Irish pub, which contends that it completed the first such sale in February, continues to accept bitcoin and says that doing so has been a huge success.
From the text of the Baggot Inn's statement, it does not appear that the suspension arose from legal concern of alcohol sales with bitcoin. In the US, the issue is apparently not so clear cut. While the Texas Alcoholic Beverage Commission (TABC) approved alcohol sales with bitcoin, the Ohio Department of Public Safety did not. The federal Alcohol and Tobacco trade bureau says such sales are permitted.