Introduction The rapid rise of Bitcoin and other digital currencies has garnered global interest. The rising prominence of digital currencies has garnered the attention of regulatory bodies, prompting them to intensify their endeavors to ensure adherence to...
Introduction The Bitcoin sector has experienced a tremendous expansion in recent years, especially with the surge of Bitcoin ATM kiosks. For Bitcoin ATM operators in the US, adhering to federal and state regulations is crucial in achieving BTM compliance. Delivering a...
Navigating Bitcoin ATM Compliance Have you been thinking about the possibility of starting a Bitcoin ATM operation? Are you hesitant because you’re unsure where to start or what to do with Bitcoin ATM compliance? If this sounds familiar, rest assured that you are...
The Internal Revenue Service (IRS) is stepping up enforcement of Money Services Businesses (MSBs) and the penalties for non-compliance are hefty. In a published IRS report, it was found that in fiscal year 2016, there were 1,716 examinations of MSB’s with a total...
Sasha Hodder is a legal consultant of BTM Compliance and she recently wrote Op-Ed for www.bitcoinmagazine.com We are bringing you the article: On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its...
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