I'm wondering if I can open up a local shop and sell bitcoins for cash without paperwork or signing anything. Sure a bitcoin ATM can fulfill that role but as a shop I could do other things such as sell bitcoin merch etc, offer information on bitcoin and cryptos etc, but primarily I'm wondering if I can sell bitcoin for cash without hassling customers with paperwork. I suppose the laws would be the same for an ATM machine? which I haven't heard to be of a legal problem. I'd be considering doing this in Texas, USA, by the way. Any references or shared knowledge would be great, and I'm less interested in speculation. Thanks!
dude, you just dodge a big ass legal bullet
there is absolutely regulation in Texas that would require you to register as a money service business. basically, despite your best intentions, unless you conduct aml/kyl on each and eavery user on your platform, you cannot be sure that you arent facilitating illicit transactions. hence, you must institute a procedure for your company to do diligence on all your customers, or else you can be criminally liable if something does go wrong down the road (one of your users was laundering money, for example).
and atms are actually pretty regulated. pretty much the same as above; the machine will be doing the diligence instead of user submitted details.
Maybe you should sell physical bitcoins, loaded with coin, as a product