What Gets Reported When You Use a Bitcoin ATM
Every Bitcoin ATM operator in the United States is registered as a money services business, and that status comes with federal paperwork obligations tha…
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What a Bitcoin ATM Has to Tell You About Its Fees
A Bitcoin ATM screen usually shows one number before you feed in cash: a fee, often somewhere around 10 to 20 percent. What it doesn’t show is the excha…
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Why Bitcoin ATM Operators Need a Licence in Every State
Every Bitcoin ATM operator running machines in more than one state has to get a money transmitter licence in each state where it does business. There is…
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Who Actually Regulates a Bitcoin ATM
No single agency issues a license that says “Bitcoin ATM operator” and hangs it on the wall next to the machine. Instead, a patchwork of federal registr…
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Bitcoin ATMs Are Not Anonymous
Walk up to a Bitcoin ATM expecting to feed in cash and walk away untraceable, and you’ll hit a screen asking for your phone number, then your ID, then m…
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What ID a Bitcoin ATM Asks For, and Why
Walk up to most Bitcoin ATMs with twenty dollars and a phone number is often all the machine asks for. Try to feed in a few hundred dollars more, and th…
