The Department of Financial Regulation of Vermont has issued a letter to the operators of the state’s only bitcoin ATM suggesting that they may be subject to penalties for operating the machine without a money transmitter license.
Bitcoin ATM services operator PYC and Blu-Bin , a Burlington-based 3-D printing business, were both sent the correspondence, according to Vermont Public Radio , which went on to estimate the total liabilities for operating without a license at $85,000.
The […]
