Cryptocurrency Q&A
What are the requirements for a Bitcoin ATM?
What are the requirements for a Bitcoin ATM?
CryptoNerd
Sat Nov 30 2024
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7 answers
1368
I'm interested in learning about the requirements needed to operate a Bitcoin ATM. What are the necessary steps, regulations, and hardware or software components that I would need to set up and run a Bitcoin ATM?
7 answers
Daniele
Mon Dec 02 2024
They are designed to prevent illegal activities such as money laundering and terrorist financing.
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SejongWisdomKeeperElite
Mon Dec 02 2024
As a result, Bitcoin ATM operators are required to verify the identity of their customers.
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KimonoGlory
Mon Dec 02 2024
In the United States, all Bitcoin ATMs that are licensed must adhere to strict regulations.
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SejongWisdomKeeperEliteMind
Mon Dec 02 2024
This is typically done by asking for a government-issued identification document.
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Riccardo
Mon Dec 02 2024
The customer must provide this proof of identification in order to set up an account with the Bitcoin ATM.
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