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.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Reports indicate that one crew member of the US fighter jet shot down over Iran has been rescued.
PANews Newsflash