Wisconsin Senate in the US reintroduces bill mandating KYC for Bitcoin (BTC) ATMs

Source
JH Kim

Summary

  • The Wisconsin Senate in the United States has reportedly reintroduced a bill that mandates KYC (Know Your Customer) procedures for users of Bitcoin (BTC) ATMs.
  • The bill mainly requires presentation of ID when purchasing Bitcoin and limits the transaction amount to $1,000.
  • As of the 12th, Bitcoin's price has risen 0.34% to $119,070.68.

According to foreign media on the 11th (local time), the Wisconsin Senate in the United States has reintroduced a bill (SB386) requiring Know Your Customer (KYC) procedures for Bitcoin (BTC) ATM users.

The bill stipulates that buyers of Bitcoin must present a photo ID and limits transaction amounts to $1,000.

Meanwhile, as of 04:48 on the 12th, Bitcoin is trading at $119,070.68, up 0.34% from the previous day, based on the Binance Tether (USDT) market.

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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