I own a very busy 24-hour coin laundromat in Phoenix, Arizona. Our regular ATM does a massive amount of business each month and I suspect a cryptos ATM would also do well. There are several placed locations nearby that also sell cryptos through their machines. Coinsource is a big competitor but their machines are only company owned. I would like to place a machine in our business but am concerned about money transmitter regulations. Don't want to get shut down. The laundromat is our bread and butter for multiple families.
Can someone help that may be familiar with Arizona laws. I'm willing to pay for good advice, but don't want to locate and hire a lawyer... not sure where to look and it'll probably cost over $1000 for someone's opinion.
Hi, it seems like in AZ you might need MSB registration at FinCEN. We could cooperate and go together to explore AZ laws for crypto if you are interested.