Wisconsin Proposes Comprehensive KYC Requirements for Bitcoin ATMs

PANews reported on August 12 that according to Bitcoin Laws, the Wisconsin Senate introduced a new bill SB386, requiring Bitcoin ATM operators to implement comprehensive user identity verification (KYC).

The bill requires users to provide photo identification for each transaction, caps the amount of a single transaction at $1,000, and collects other personal information. In addition, operators must obtain a money transmission license and display a warning message on the terminal device.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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