Key Points:* Wisconsin’s AB384 bill requires KYC for Bitcoin kiosks.
Transaction cap set at $1,000 per day.
Increased operational compliance costs for ATM operators.
The Wisconsin State Senate has introduced bill AB384 requiring Bitcoin ATMs to enforce full identity verification and limit transactions to $1,000 each day for tighter regulation.
This legislative shift highlights state concern over crypto-related fraud, potentially influencing machine usage dynamics and new compliance costs for operators amidst increasing regulatory scrutiny.
Wisconsin’s $1,000 Daily Cap on Bitcoin ATM Transactions
Wisconsin legislators are pushing for enhanced regulation of Bitcoin ATMs through AB384, focusing on increased identity checks and a daily transaction ceiling. Operators must now comply with ATM licensing requirements and post photos for ID proof. AB384 mandates a transaction limit of $1,000 per day alongside refund obligations in cases of fraud. According to the Wisconsin Department of Financial Institutions (DFI), Division of Banking, “BTM operators are engaged in money transmission and must be licensed under Wisconsin’s Money Transmission Law due to increased BTM-facilitated fraud.” State officials state the move addresses fraud concerns, while industry participants voice concerns about the operational cost burden. Reaction from the Bitcoin community remains muted, with discussions focusing on compliance costs.
Bitcoin’s Regulatory Shifts: Impact on ATM Compliance Costs
Did you know? Wisconsin’s initiative follows a broader trend of increasing regulatory scrutiny on crypto kiosks, reflecting global efforts to combat illicit activities while streamlining crypto transactions.
Bitcoin’s Regulatory Shifts: Impact on ATM Compliance Costs
Did you know? Wisconsin’s initiative follows a broader trend of increasing regulatory scrutiny on crypto kiosks, reflecting global efforts to combat illicit activities while streamlining crypto transactions.
Bitcoin (BTC) is currently priced at $118,731.24, commanding a market cap of $2.36 trillion. The coin represents 59.86% market dominance, as noted by CoinMarketCap. Trading volume over the last 24 hours hit $89.10 billion. Notably, BTC has experienced a 14.57% increase over 60 days and a slight 0.40% dip over the past 24 hours.
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 00:38 UTC on August 12, 2025. Source: CoinMarketCapAccording to Coincu research, these new regulations could lead to a decrease in transaction volumes, consequently boosting operational expenditures for ATM operators. Historical trends illustrate tightened controls balance fraud risk with user accessibility concerns.
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| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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wisconsin bitcoin atm regulations
Key Points:* Wisconsin’s AB384 bill requires KYC for Bitcoin kiosks.
Wisconsin’s $1,000 Daily Cap on Bitcoin ATM Transactions
Wisconsin legislators are pushing for enhanced regulation of Bitcoin ATMs through AB384, focusing on increased identity checks and a daily transaction ceiling. Operators must now comply with ATM licensing requirements and post photos for ID proof. AB384 mandates a transaction limit of $1,000 per day alongside refund obligations in cases of fraud. According to the Wisconsin Department of Financial Institutions (DFI), Division of Banking, “BTM operators are engaged in money transmission and must be licensed under Wisconsin’s Money Transmission Law due to increased BTM-facilitated fraud.” State officials state the move addresses fraud concerns, while industry participants voice concerns about the operational cost burden. Reaction from the Bitcoin community remains muted, with discussions focusing on compliance costs.
Bitcoin’s Regulatory Shifts: Impact on ATM Compliance Costs
Bitcoin’s Regulatory Shifts: Impact on ATM Compliance Costs
Did you know? Wisconsin’s initiative follows a broader trend of increasing regulatory scrutiny on crypto kiosks, reflecting global efforts to combat illicit activities while streamlining crypto transactions.
Bitcoin (BTC) is currently priced at $118,731.24, commanding a market cap of $2.36 trillion. The coin represents 59.86% market dominance, as noted by CoinMarketCap. Trading volume over the last 24 hours hit $89.10 billion. Notably, BTC has experienced a 14.57% increase over 60 days and a slight 0.40% dip over the past 24 hours.
| | | --- | | DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |