[2014-01-20] Bitcoin ATM in Wall Street, NYC

[bitbitcoins]

http://bitbitcoins.com/bitcoin-atms-in-new-york/

[LiteCoinGuy]

that would be the right place.

[cdog]

If it requires ID or any interaction with a person to use, I dont see it as much use vs something like Coinbase.

[kjlimo]

I'm surprised it's a lamassu.  I would do Robocoin if I do it.


Just met with lawyers today to setup an LLC.  Woohoo!  Perhaps later this year I'll get a Robocoin

[adub]

Robocoin is a little closer but it won't pass BSA laws much less bank scrutiny.

[kjlimo]

Robocoin is a little closer but it won't pass BSA laws much less bank scrutiny.

Banking secrecy act?

I thought it did a palm scan for AML/KYC compliance, or is BSA other requirements with a need fo something else?

[adub]

Palm scan and facial recognition does nothing for AML/KYC compliance of BSA. The best use is to verify the identity of the person standing in front of the machine. That identity has to be collected and stored in accordance with the compliance program. It's the compliance program that gets you closer to getting licensed.