This writer received three cold emails in two weeks asking for legal help around operating a Bitcoin ATM (BTM). Each groundbreaker asked: “What are the legal requirements for an operator putting a BTM in, say, a coffee shop?”...more
3/28/2018
/ Anti-Money Laundering ,
ATMs ,
Bank Secrecy Act ,
Bitcoin ,
Consumer Financial Protection Bureau (CFPB) ,
Currency Exchange ,
FinCEN ,
Money Services Business ,
Money Transmitter ,
Popular ,
Virtual Currency
FinCEN has taken the position that a person or developer that sells convertible virtual currency, including in the form of tokens sold in an ICO, in exchange for real currency or a substitute for currency, is a money services...more