InfinityRider
Wed Aug 28 2024
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7 answers
1719
Are Bitcoin ATMs BSA/AML compliant?
I'm curious to know if Bitcoin ATMs are adhering to the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations. Given the anonymous nature of cryptocurrency transactions, it's essential to ensure that these machines are implementing proper KYC (Know Your Customer) and AML measures to prevent money laundering and other illicit activities. Are there any specific guidelines or standards that Bitcoin ATMs must follow to be considered BSA/AML compliant? And how are these regulations enforced to ensure compliance across the industry?
