Business & Corporate
So You Want to Put a Bitcoin ATM in a Coffee Shop
This writer received three cold e-mails in two weeks asking for legal help around operating a bitcoin ATM (BTM). (For ease of reference we call these machines BTMs, but they generally serve other virtual currencies, including Ether and Litecoin.) Each groundbreaker asked: “What are the legal requirements for an operator putting a BTM in, say, a coffee shop?” Lawyers and businesspeople work on the assumption that for every one person who asks you a question, 100 others also want to ask you the same question or are asking someone else. Ergo, this Flash.