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Title: US Bitcoin Business MSB advice (ATM) Post by: AMD FTW on November 11, 2014, 03:05:17 AM I have my LLC created and am now looking at opening up a business bank account. Anyone here have any recommendations on what bank to use for an MSB. I've heard Chase is pretty bad with just flat out closing your account if they suspect an MSB, I heard PNC maybe better. I plan on opening up some Crypto ATM machines in the near future and want to make sure I'm compliant with all AML/KYC policies. I know a lot of banks won't even do business with an MSB. FinCEN today released a statement about Banking Service and MSB's and how they should be a bit more open instead of just denying service.
http://www.fincen.gov/news_room/nr/html/20141110.html I haven't decided yet on the exact ATM specifics, but I think I'm going to limit my equipment to a transaction maximum of $500 and up to $1000 daily limit which should protect me from possible AML KYC issues. Anyone else open up crypto ATM's here that have some advice. Title: Re: US Bitcoin Business MSB advice (ATM) Post by: adub on November 13, 2014, 01:27:55 PM http://blog.atlantabitcoin.com/ (http://blog.atlantabitcoin.com/)
Lots of good info here... Also, Bitcoin ATM comparisons can be found here... http://bitcoinatmsales.com/#compare (http://bitcoinatmsales.com/#compare) |