Do you need a MTL and register as an MSB to operate an ATM?
With the ruling the other day of 'bitcoin is not money', this entire area is still gray to me. What exact legal requirements are needed, KYC/AML?
Does anyone who operates a bitcoin ATM know, and can elaborate to me a little bit?
With the ruling the other day of 'bitcoin is not money', this entire area is still gray to me. What exact legal requirements are needed, KYC/AML?
Does anyone who operates a bitcoin ATM know, and can elaborate to me a little bit?
that ruling was local (state level) not national or international.
if in america you have to check what state you want to operate in to work out what is required.
if you want to have ATMs around the country then it will be costly.
this is why ATM manufacturers never really pushed to operate it themselves and simply made the equipment and get other people to operate it at the operators expense
out dated but worth a read
http://www.coindesk.com/bitcoin-law-money-transmission-state-level-us/
