Wisconsin Aims to Tighten Regulations on Bitcoin ATMs with New Bill

Wisconsin lawmakers have introduced Senate Bill 386 (SB386), aiming to tighten regulations on Bitcoin ATMs within the state. The bill would require all transactions, regardless of amount, to involve photo identification from government-issued sources for every purchase, along with a transaction limit capped at $1,000. The bill also mandates operators collect additional personal data to enhance oversight. This action follows growing efforts by states to regulate cryptocurrency more strictly.