The Bitcoin ATM machine appeared in Beijing and was dismissed. Experts said the action has touched the regulatory red line.

In response to the sudden withdrawal of the Beijing self-service bitcoin purchaser less than a week, Deng Jianpeng, a professor at the Central University of Finance and Law and a legal expert in blockchain regulation, clearly pointed out that the act was suspected of providing services for bitcoin transactions and has touched the regulatory red line. Not allowed by law.