Find out the new requirements for bitcoin ATMs in Nevada. With an official statement, the Financial Institutions Division at the Nevada Department of Business and Industry has recently clarified the licensing requirements for bitcoin ATMs in the state. The authority states that cryptocurrency operators have to obtain a Nevada money transmitter licence in order to run their businesses in line with legal compliance, writes Vic Lance, founder and president of Lance Surety Bonds. If you are running bitcoin ATMs in the state, which have been estimated at around 110 currently, you have to get acquainted with the exact criteria that you…
Bitcoin ATMs in Nevada now need a money transmitter licence and bond
Bitcoin ATMs in Nevada now need a money transmitter licence and bond
