Payment Week’s Regulatory Review Part 3 Recap: Bitcoin ATMs

In case you missed it, Part 3 of our Regulatory Review series brought along a discussion on the growing bitcoin ATM industry.

Jordan Kelley, CEO of Robocoin, Zach Harvey, CEO of Lamassu, and Marco Santori, Chairman of the Regulatory Affairs Committee for the Bitcoin Foundation delved into the regulatory environment of digital currencies and their application in consumer-facing ATMs.

Some of the topics discussed included:

• What are Bitcoin ATMs, how do they function? What do they offer to the public that traditional ATMs currently do not? Do bitcoin ATMs make digital currencies more accessible to consumers?

• Who are the regulators that oversee bitcoin ATM usage? Who wants to regulate them?

• What are the regulatory and compliance rules in effect? Are there others in the works? Who performs KYC/CIP for Bitcoin ATMs?

• What consumers protection laws are in place? Is this enough? What other consumer protection rules should be adopted?

• What are some of the regulatory challenges that Robocoin and Lamassu are facing? How are you dealing with these challenges?

• What is the Bitcoin Foundation’s Regulatory Affairs Committee, doing to educate and navigate the current regulatory landscape?

• What is the international landscape for Bitcoin ATM regulation? How are your firms adopting to these changes?

Check it out below, and sign up for the conclusion to our series, “Bitcoin vs.the World.”