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by: xpoolPosted on: August 12, 2025

Wisconsin Senate Introduces Bill Requiring KYC for Bitcoin ATMs

The Wisconsin Senate has proposed SB386, aiming to bolster security measures for Bitcoin ATM businesses. This bill mandates Know Your Customer (KYC) protocols for operators, requiring detailed identification verification from users before each transaction. Users must present photo ID with a $1,000 transaction limit. Additionally, operators will need to obtain licenses and display warnings on their terminals.

Related posts:

  1. Bybit Fixes Apple ID KYC Issue After User’s Funds Locked Out
  2. South Korea Tightens Crypto Regulations Ahead of Foreign Investment Opening
  3. Coinbase Data Breach Sparks Calls to Rethink KYC in Crypto Exchanges
  4. Wisconsin Enacts Stricter KYC for Bitcoin ATMs: Impact & Implications
Bitcoin ATMs Cryptocurrency KYC

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