Bitcoin ATM Maschine — De.BitcoinWiki.Org

CRYPTO MASS ADOPTION (LEVEL GOD)

200 Bitcoin ATMs installed at Walmart… with plans for 8000 in total.

Walmart has partnered with coin-cashing machine company Coinstar and crypto-cash exchange CoinMe to install 200 Bitcoin ATMs in its stores across the U.S.

Long story short: If you haven´t jumped into Crypto yet and you think is too late, THINK AGAIN.

This is not financial advice but there is nothing to lose by doing some research and perhaps jumping into the crypto space. Although Bitcoin has reached its ATH (All Time High), with all the mass adoption going on, Governments making it as legal tender and even Houston’s $5 billion firefighter retirement fund buying $25 million worth of bitcoin and ethereum, this only indicates one thing; the chances of the prices surging are big.

Compliance

Bitcoin ATM operators need to adjust the limits on deposits and withdrawals according to AML (Anti Money Laundry) / KYC (Know Your Customer) standards applicable in the jurisdiction where their ATMs are placed. In some countries / states this requires a money transmitter license.

In the United States, the Bank Secrecy Act (BSA) requires Bitcoin ATM operators to establish and maintain an effective written AML program reasonably designed to prevent ATM machines from being used to facilitate money laundering and the financing of terrorist activities. Bitcoin ATM operators must be registered as Money Service Businesses and are regulated by the Financial Crimes Enforcement Network.

If you are into interested in more of my articles also check my other Medium account: @cryptomarketers

Motivation for the daily living. Self Improvement from the school of life. Blockchain. Check my other Medium account: @cryptomarketers

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Celio Celli

Celio Celli

Motivation for the daily living. Self Improvement from the school of life. Blockchain. Check my other Medium account: @cryptomarketers

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