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Wisconsin Plans New Bill That May Require KYC for Bitcoin ATMs and Set a $1,000 Transaction Limit

Wisconsin Plans New Bill That May Require KYC for Bitcoin ATMs and Set a $1,000 Transaction Limit

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ChaincatcherChaincatcher2025/08/12 00:53

According to ChainCatcher, as reported by Bitcoin Laws, the Wisconsin State Senate in the United States has introduced a new bill, SB 386, which proposes that all Bitcoin ATMs must fully implement identity verification (KYC). Transactions would require the presentation of identification, with a single transaction limit set at $1,000, and additional personal information would need to be collected to strengthen regulatory oversight.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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