Singapore gets its first cryptocurrency cafe after regulator sounds cautionary note

Singapore gets its first cryptocurrency cafe after regulator sounds cautionary note

Ducatus cafe operations manager Frances Sy introduces a Bitcoin ATM at the opening of their cashless cafe that accepts cryptocurrencies such as Bitcoin in Singapore December 21, 2017. REUTERS/Edgar Su

Just a street away from Singapore’s central bank, a cryptocurrency firm has set up what it claims is the first cafe in the city-state to be owned and operated by a business promoting its own digital coin.

The downtown pitstop, which launched on Thursday, sells “hand brew” coffee, sandwiches and eco-friendly beauty products and accepts bitcoin, its own virtual currency called Ducatus and other cashless payments.

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