Why the Funds Travel Rule and Funds Transfer Rule should not apply to Bitcoin ATM Operators

Conclusion

Since the Bitcoin ATM transaction takes place immediately between only two parties and does not involve any transfer or travel of funds between financial institutions, Bitcoin ATM transactions should be excluded from the definition of transmittal of funds, which then would exclude Bitcoin ATM transactions from the record keeping requirements of both the funds transfer rule and the funds travel rule.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Sasha Hodder

Sasha Hodder

328 Followers

Crypto Attorney; Former Trader; Host of the Hodlcast Podcast; Freedom Enthusiast; www.sashahodler.com; @sashahodler