Nevada Regulators Say Bitcoin ATMs Will Need License To Operate

By razeiv | razeiv | 30 Aug 2019


Bitcoin (BTC) and cryptocurrency ATMs need a licensing scheme, authorities in the state of Nevada have officially announced.
In a statement first reported on by local news media outlet Nevada Current on Aug. 28, the state's finance regulator, the Financial Institutions Division of the Department of Business and Industry (NFID), said ATM operators must conform to existing rules.
"Any entity that facilitates the transmission of or holds fiat or digital currency by way of brick-and-mortar, kiosk, mobile, internet or any other means, should contact the NFID to request a licensure determination," it reads.

Source: cointelegraph.com

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