Bitcoin Forum
September 19, 2018, 11:42:14 PM *
News: ♦♦ Bitcoin Core users must update to 0.16.3 [Torrent]. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: US Bitcoin Business MSB advice (ATM)  (Read 1806 times)
AMD FTW
Sr. Member
****
Offline Offline

Activity: 319
Merit: 250


GET IN - Smart Ticket Protocol - Live in market!


View Profile
November 11, 2014, 03:05:17 AM
 #1

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.

GUTS | GET-Protocol ICO
smart-ticket protocol for events | live product with market traction!
BTC ANN | WEBSITE | BLOG | SANDBOX | WHITEPAPER | BOUNTY
1537400534
Hero Member
*
Offline Offline

Posts: 1537400534

View Profile Personal Message (Offline)

Ignore
1537400534
Reply with quote  #2

1537400534
Report to moderator
1537400534
Hero Member
*
Offline Offline

Posts: 1537400534

View Profile Personal Message (Offline)

Ignore
1537400534
Reply with quote  #2

1537400534
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537400534
Hero Member
*
Offline Offline

Posts: 1537400534

View Profile Personal Message (Offline)

Ignore
1537400534
Reply with quote  #2

1537400534
Report to moderator
1537400534
Hero Member
*
Offline Offline

Posts: 1537400534

View Profile Personal Message (Offline)

Ignore
1537400534
Reply with quote  #2

1537400534
Report to moderator
adub
Full Member
***
Offline Offline

Activity: 171
Merit: 100


Changing avatars is currently not possible.


View Profile WWW
November 13, 2014, 01:27:55 PM
 #2

http://blog.atlantabitcoin.com/

Lots of good info here...

Also, Bitcoin ATM comparisons can be found here...
http://bitcoinatmsales.com/#compare

blog.atlantabitcoin.com || www.linkedin.com/in/atlantabitcoin
Ask me about how to legally operate Bitcoin ATM/Kiosks in the US!
Curious about how the various Bitcoin ATMs measure up? Check out bitcoinatmsales.com.
Bitrated: https://www.bitrated.com/aawilliams/
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!