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Wisconsin Tightens the Screws: New Bill Mandates Full KYC for Every Bitcoin ATM Transaction
Wisconsin Tightens the Screws: New Bill Mandates Full KYC for Every Bitcoin ATM Transaction
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Wisconsin just dropped a regulatory hammer on crypto anonymity—and Bitcoin ATM operators are scrambling.
The KYC Crackdown Goes Physical
No more quick cash-to-crypto swaps at the corner store. The proposed law forces every Bitcoin ATM user to complete full identity verification—turning decentralized currency into just another tracked financial asset.
Privacy vs. ‘Protection’
Proponents claim it’ll curb illicit transactions (because criminals famously obey KYC laws). Critics counter that it kneecaps Bitcoin’s original purpose—peer-to-peer transactions without middlemen.
Banking System 2.0?
With compliance costs set to skyrocket, many operators may shutter machines entirely. Another win for legacy finance—now with 100% more bureaucracy!
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