Some of these bitcoin atms offer a p2p meet up for larger amounts over $3k and I was wondering if they still need personal details for Know Your Client Rules? Thinking they would have to explain large amounts being moved around.
if people buy bitcoins one from another they most probably do not have to provide any documents or something like that as the deal is done in personwe surely need more atms in order to make the bitcoin more popular than it is right now, with the bigger popularity we could reach the new heights soon
Would think they would have to keep track otherwise a audit would have to explain large sums being moved around from their bank accounts. The guys I see running these atm services do not come across like they have a lot of liquid cash sitting around to just do this type of transaction with. Might be wrong though.