The Wisconsin Department of Financial Institutions is placing some new guidelines on the operators of cryptocurrency ATM’s.
State officials say the machines are still new and have been largely unregulated, leaving them open for scammers to use to get anonymous payments from victims. Now, Bitcoin and other crypto ATM’s will need to be set up to limit transactions to two thousand dollars per day for each user and they will be required to have scam warnings posted. DFI says the owners of the machines will also have to disclose their locations and keep up on all relevant anti-fraud policies and procedures.
